Bank Reconciliation Cloud
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.