Bank reconciliation cloud is widely used by the business organisation to automate reconciliation of your general account with enterprise bank account statements.
It is a software that automatically processes bank statements and classifies inflow and outflow transactions without any human interference into various operational and non-operational categories that includes account payables, payroll, taxes, treasury and many other things.
Bank reconciliation cloud is a software that automatically maps the transactions to its customers’ ledger accounts, generate output files and continuously post to company ERP portal without any manual intervention.
Key Features: Automated bank statement processing- Bank reconciliation cloud automatically load and process electronic bank details with the help of different techniques and formats.
Automate input and output dataflow- Bank reconciliation cloud let bank statement data and automatically update general ledger in your ERP with additional and configurable rules-based engines.
Standard Integration with multiple ERP systems- Bank reconciliation cloud connect and auto-posts electronic bank statements which include Oracle, MS Dynamics, JDE and Netsuite.
Daily and weekly cash position- Bank reconciliation cloud consolidated cash position visibility across banks data at any roll-up level on daily and weekly frequency.
Transacted cash position- It automatically translates your cash balances and transactions into the base currency as per the choice of the user and auto-refresh currency exchange rates.
Interface- Bank reconciliation cloud provide digital assistant with touch and voice-enabled interface and role, task-specific displays which save our time and efforts.
Sometimes you might have come across any transaction which you can’t figure out or you might notice that you have more cash outflow than cash inflow and you are not able to find a solution to it. read more about What do you mean by bank reconciliation? In both of the above cases bank reconciliation … Read more
A bank reconciliation statement could basically be considered a document that compares the cash balance records on a company’s balance sheet to the corresponding amount on its bank statement records. A bank statement is a list of all the cash receipts and withdrawals that a business has made over a period of time. Cashbook contains … Read more