Data Reconciliation can be applied at single deal level as well as at aggregated levels like category or product types. The results are displayed online as well as in reconciliation reports.
FlexFinance supports different reconciliation approaches on single deal level as well as on aggregated levels like category or product types.
FlexFinance supports both online and report reconciliation.
- Reconciliation of data delivery from the source systems to FlexFinance
- Reconciliation within the Core Functions
- Reconciliation between the Core Functions and specific functions, e.g. between the cash flow generation and the accounting generator
- Reconciliation between different GAAPs (e.g. Local GAAP and IFRS)
- Reconciliation between the Accounting generator and a third party general ledger (e.g. ORACLE GL)
- Reconciliation between other applications such as ALM, Liquidity, Basel, Financial Accounting
(For more details about reconcilitation refer to the FERNBACH Application Documentation.)
Figure: Reconciliation processed data in core functions