Trintech Introduces AssureNET GL for General Ledger Account Reconciliation

Tuesday 3 January 2006 11:01 CET | News

Trintech has made available AssureNET GL, an enterprise process management system for general ledger account reconciliation, review and certification. AssureNET GL, designed for companies with high volumes of ledger accounts and users, provides distinct workflow management for reconcilers, reviewers and approvers.

The solution automates the most time-consuming tasks, including tracking the list of accounts subject to reconciliation and notifying reconcilers and reviewers of impending due dates or missed deadlines. Additionally, AssureNET GL provides enhanced visibility into the status of the account reconciliation program, ensuring management can assess the risk to the organization and respond appropriately. AssureNET GL integrates fully with Trintechs flagship product, ReconNET, to provide an end-to-end solution for general ledger account reconciliation, review, certification and risk management for every account in the Enterprise. With AssureNET GL, Trintech is uniquely providing an end-to-end reconciliation solution covering the entire range of accounts requiring reconciliation, including high-volume transaction-intensive accounts, as well as those with low volumes. Trintechs reconciliation process management solution ensures compliance through the elimination of manual procedures and through tools specifically designed to detect and mitigate risk. AssureNET GL functionality includes: - Complete segregation of duties between the reconciliation, review and certification functions - Enhanced visibility into the performance of the control across the entire enterprise, including detailed analysis by department, location or region - Automated interfaces to all general ledger systems to ensure all accounts are included in the program - Automated download of the general ledger account balance to reconciliation forms, ensuring the correct general ledger balance - Extensive management toolset that includes the ability to assign reconciliation and review responsibilities and schedules, and formats for individual accounts or groups of accounts - Support for all types of reconciliations, including balance sheet reconciliations, tax reconciliations, and accounting consolidation reconciliations - Automated email notifications to inform participants of impending reconciliation and review dates or missed deadlines - Automated summaries of exception statistics and extensive management reporting - Quality assurance tools that enable the selection of accounts for quality assurance testing

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce