Still relying on Spreadsheets to reconcile
your G/L balances?
Modernise Account Reconciliations with our packaged application solutions for reconciling and reviewing key balance sheet items against reported financial results.
Automatically generate inventories of source accounts for required reconciliations. Pull forward prior reconciliations and supporting documents, and auto-reconcile entries that comply with your accounting policies and tolerances.
Provide standardised collection templates for preparation and load of reconciliations, and automatically alert users to balance changes on previously reconciled accounts.
Reduce internal control and compliance risks with segregated workflows that allow logical preparation of account reconciliations at the appropriate time in the close process. Utilise status, exception and aging reports for complete visibility on current and past reconciliations.
Does your Account Reconciliations system enable ...
- Automation of the full general ledger reconciliation process?
- A common source for reconciliations and financial reporting?
- Guided workflow navigations that lead users through an auditable review and compliance cycle?
- Drill-back from financial reports and dashboards to related Account Reconciliations?
- Tracking of unreconciled accounts with exception and aging reports for visibility?
- Automatic e-mail alerting for instant notifications and risk management reporting?
The best compliment is to see our clients thrive!
We worked with Concentric throughout our successful implementation ... This enabled our team to plan and ultimately deliver effectively on-time and to budget.
We engaged with Concentric to help us implement a new cloud-based consolidation and reporting platform ... We are delighted with the Concentric team, who demonstrated a very high level of technical expertise, commitment and flexibility to help us achieve our objectives.
Concentric were experts in each area that our project required. They had flexibility and excellent approachability with the ability to operate face to face on multiple sites ... Concentric had the ability to go the extra mile to support in times of urgency or change to project plan.
The upgrade was seamless, with sound advice on hardware requirements. Go live was trouble free and there has been positive feedback from all users.
Concentric are excellent at what they do and the implementation has radically changed our financial reporting processes – for the better!
Atkins had a tight delivery and budget to work with and Concentric were highly approachable and resourceful in ensuring that we met our goals.
The quality of staff and their technical knowledge really is a core strength. They know the products inside out and that’s what you expect from an applications specialist.
The new solutions have markedly improved data quality, streamlined the submission cycle, automated key analyses such as working capital and treasury reporting, and provisioned meaningful reports to key stakeholders. All this has been achieved with minimal increase in Head Office staff despite the business growing exponentially.
In the 4 years I’ve been working with Concentric, they have always been at the end of the phone, very helpful.
Explore More Services & Solutions
Business Analysis & Software Selection
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Financial Close & Consolidation
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Process intelligence and systems integration.
Financial Planning & Analysis
Integrate financial and operational planning solutions, delivering accurate insights for more informed decisions.
Aftercare
Application and technical support, administrative maintenance and application management.
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Unify Financial and ESG Reporting across the organisation.
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