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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Aurum Solutions offers a cloud-based, automated financial reconciliation platform aimed at optimizing reconciliation workflows, allowing finance teams to effortlessly match numerous transactions within seconds each day. This system integrates data from various sources, including ERPs, banks, payment service providers, and accounting platforms, through hundreds of readily available connections, effectively removing the need for manual matching and reducing reliance on error-prone macros. Users can create tailored matching rules, schedule reconciliations to occur automatically at any time, and handle exceptions while maintaining comprehensive audit trails that document every action for compliance and reporting purposes. The platform also features visual dashboards and customizable reports that provide finance leaders with immediate, clear insights into cash positions, discrepancies, and overall performance metrics. Furthermore, it accommodates multi-currency transactions and caters to specific industry needs, such as bank, PSP, client money, and journal entry reconciliations, while seamlessly connecting various data sources through APIs or SFTP. As a result, finance teams can significantly decrease the time spent on data preparation, allowing them to focus on more strategic activities. This comprehensive approach to financial reconciliation not only enhances efficiency but also contributes to more informed decision-making across organizations.

Description

Bank Rec™ simplifies the process of reconciling bank accounts, transforming it from a tedious task into a quick and even enjoyable experience. By allowing your team to avoid the labor-intensive 'ticking and tying', it enhances productivity while ensuring accuracy. Each matched record is assigned an 'audit trail number', facilitating easy research and reporting. Any unmatched records are automatically carried over to the next period until they find a match. You can generate a reconciliation report even if there are discrepancies, as we provide journal entry recommendations to correct imbalances. Our extensive bank reconciliation report library offers additional reporting options to suit your needs. This tool transforms what was once a solitary task into a documented and consistent procedure, providing backup for personnel and operational processes. It seamlessly integrates with any file format from your banking or accounting software, including Excel, CSV, and BAI. Users can apply our predefined matching rules or customize their own to suit their specific requirements. Exception reports will highlight mismatches, streamlining the research process and allowing teams to concentrate on high-priority discrepancies. Thus, Bank Rec™ not only enhances efficiency but also promotes a collaborative and transparent approach to financial reconciliation.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Clickbase BI
Microsoft 365
Microsoft Excel
Microsoft Outlook
Microsoft Power BI

Integrations

Clickbase BI
Microsoft 365
Microsoft Excel
Microsoft Outlook
Microsoft Power BI

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$199.95 per month
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Aurum

Founded

2004

Country

United Kingdom

Website

aurum.solutions/

Vendor Details

Company Name

Treasury Software

Country

United States

Website

www.treasurysoftware.com/bank-reconciliation/bank-reconciliation.aspx

Product Features

Product Features

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