Fiserv has unveiled Frontier Reconciliation: Account Certification, its latest offering to ensure timely completion of the reconciliation process and increase control and transparency through the automated escalation of exceptions.
Part of the latest release of Frontier Reconciliation, the new Account Certification module fully automates the preparation, review and approval of all operational and balance sheet reconciliations across any account type within a single, integrated platform. The module improves the period-end financial close process by offering clear ownership and tracking of review and approval tasks with the ability to segregate duties by role or access level.
“The cost of financial misstatement and non-compliance is high, and can lead to fines, reduced share price and damage to reputation,” said Robert Browning, general manager, Financial Control Solutions, Fiserv. “Our new Account Certification module further strengthens the internal financial control framework that Frontier Reconciliation gives our clients by increasing visibility to exposures and ensuring increased speed and accuracy of information feeding the financial close process.”
The addition of the Account Certification module to Frontier Reconciliation means that all stages of operational, financial and balance sheet reconciliations can be performed within the same application. This makes it the only solution available that offers complex, high-volume transaction matching, exception management, and the review and approval process required to certify reconciliations all in one seamless environment.
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