Bank Reconciliation for Infor SunSystems provides a complete system for easily maintaining your current bank position. It is a flexible and powerful addition to your organisation’s financial management, allowing you to identify, track and resolve non-reconciled items at a glance. This highly automated process facilitates daily reconciliation, an important control over the business’s most important asset – cash. Bank Reconciliation provides for the import of electronic statements for multiple bank accounts, automated user-defined matching criteria, and the creation of bank-generated journals (e.g., bank fees and interest).
SunSystems Reconciliation Manager is a core feature of SunSystems, integrated seamlessly rather than being an additional module. It streamlines the reconciliation of bank accounts, intercompany accounts, and other balance sheet accounts.
Key capabilities
- Automated reconciliation: Set up matching rules to automatically reconcile transactions.
- Manual reconciliation: Support for many-to-one transaction matching when needed.
- Transaction generation: Create entries to complete reconciliations without accessing Ledger Entry.
- Flexible reporting: Use inbuilt reconciliation reports or Q&A for custom reporting.
- Statement matching: Reconcile SunSystems transactions against uploaded statements.
- Easy uploads: Import statements via Transfer Desk or Q&A in various formats (.txt, .cdf, .xls).
Benefits
- Reduces manual effort: Automates repetitive tasks, freeing up valuable time.
- Enhances data integrity: Minimises errors, ensuring more accurate data.
- Increases efficiency: Transforms monthly tasks into streamlined daily processes.
- Strengthens auditability: Improves transparency and simplifies audits.
- Saves time and reduces frustration: Speeds up processes, allowing teams to focus on higher-value activities.
