CCH Tagetik - Account Reconciliation

Accelerate Your Close. Increase Transparency. Take Control.

Overview

Reconcile, review, and resolve balance sheet accounts automatically

CCH Tagetik Account Reconciliation creates consistency across all accounts by harmonising data company-wide and standardising methodologies. Instead of spending hours investigating a discrepancy, CCH Tagetik's pre-packaged solution flags high risk items instantly, automating account reconciliation and freeing you up to work on value-added tasks.

Implement quickly, eliminate errors and get complete control with built-in process monitoring, detailed audit trail, and a mandatory approval workflow. The Analytic Information Hub centralises all your granular financial and non-financial data to enable a faster close. Make account reconciliation a hop, skip, jump of reconcile, review, and resolve with CCH Tagetik.

Accelerate your account reconciliation and your close, with Close & Consolidation, Reporting and Disclosure in one trusted unified solution.

CCH Tagetik - Account Reconciliation

Key Capabilities

Automate the grunt work of reconciliations with pre-built functionality that supports accurate balance sheet accounts. When an account is unbalanced, CCH Tagetik's solution takes the guesswork out of your investigation so you can provide timely resolutions that apply moving forward.

 

  • Harmonise data and methodologies in central repository
  • Use reconciliation templates with risk and ageing view
  • Substantiate balances with attachments and notes
  • Use workflow to monitor tasks-in-progress
  • Generate audit reports automatically

Key Reasons

3 reasons why CCH Tagetik Account Reconciliation lets you focus on your Business:

  • Accelerate Your Close - CCH Tagetik's pre-built solution automatically reconciles accounts and provides alerts, templates and ageing views to standardise processes. Harmonise data company-wide by connecting all data in a single trusted platform.
  • Get Complete Transparency - Confirm the accuracy and integrity of account balances faster with a foundation for consistency. Connect multiple data sources, data formats, thousands of accounts, dozens of contributors, and interdependent tasks.
  • Take Control - Get confidence by controlling the account reconciliation process every step of the way. Ensure all contributors follow a set workflow, approval and sign off process that you can easily certify.

Key Benefits

Reconciling accounts is one battle, gaining control is the other. CCH Tagetik's solution gives you the transparency needed to understand the data and controls to reconcile, while automatically generating an audit report proving your numbers adhered to standards.

  • Quickly reconcile, review and approve balance sheet accounts
  • Pre-configured to ensure a standardised approach
  • Reconciliation reports, workflow and audit reports provide control
  • Free up time to work on value-added activities
  • Unified solution for faster close-to-disclose
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Technology in Action

Our Credentials

  • Strategic Partner since 2008 Tagetik launch in UK.
  • Certified Platinum status and Country Awards winner.
  • 12th Year  - Successful Delivery of CCH Tagetik Projects.
  • Over 150+ distinct projects across CCH Tagetik Consolidation and Budgeting/Planning Projects including first wave of IFRS16 and IFRS17 engagements.
  • Leading AIH practitioners.
  • Connected at every level in CCH Tagetik ecosystem. Strong relationship with Tagetik C-Level and Product Development.
  • Demonstrable Road-Map Influence.
  • Conduct Tagetik Prospect Workshops, Clinics and Customer Forums.
  • Package Development and IP.

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