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Account Reconciliation Cloud (ARCS)
Automated Reconciliation Implementation, Workflow Configuration and Approval
With insight into real-time performance of reconciliations, Oracle’s Account Reconciliation Cloud Service helps users ensure their reconciliations are properly prepared and validated. With this cloud service and the help of Datavail Oracle cloud expertise, organizations can move from manual ad hoc efforts to automated and streamlined reconciliation management.
Two distinct components of this valuable Oracle service include: Reconciliation Compliance and Transaction Matching. Reconciliation Compliance is the module responsible for reconciliation tracking and performance while Transaction Matching can be thought of as the performance automation of significant and large volumes of transaction reconciliations.
Automated Workflow Configuration & Approval
Under robust security measures organizations can now reconcile accounts and follow an automated approval workflow ensuring key stakeholders are represented in the approval process appropriately. Configured to an organization’s approval process, all documents for review are housed in a central repository ensuring full control of the process, documents, and sign-offs.
We’ve developed tools that empower our team to deliver reconciliation solutions configured to a client’s specific needs without impacting timeline, downtime, cost, or learning curve.
ARCS allows for user rules to determine when auto-reconciliation should take place without the need for a user to intervene. This is extremely useful for the thousands of reconciliations that may not require user management.
Peace of Mind Through Transaction Matching
Rules are established by users with administration rights to ensure automation takes place for the multiple and routine reconciliations, freeing up an organization’s resources for those more strategic needs. Users realize millions of transactions per minute via automated rule setting and as the process and tools continue to be employed, Administrators benefit from improved transaction matching.
Datavail ARCS Professional Services, A Step Above the Competition
Datavail’s packaged services set us apart from our competition. We don’t just review your environment and reconciliation process/tools and then deliver an out-of-box solution like most others. Our EPM Cloud experts:
- Consult with your team to understand your enterprise strategy
- Provide a set of recommendations based on what works based on best practices.
- Guide you through the implementation stages systematically identifying improvements related to each phase
- Use our Tech-enabled IP toolbox to deliver a seamless, swift, intelligent, and cost effective deployment of your reconciliations to the cloud
Because of the large volume of ARCS implementations fulfilled by Datavail over the years, we’ve developed tools that empower our team to deliver reconciliation solutions configured to a client’s specific needs without impacting timeline, downtime, cost, or learning curve.