EPM Buyer’s GuideACCOUNT RECONCILIATION
Account Reconciliation
Standardize reconciliations with policy, automatch, and exception workflows so risk is visible and controlled—at scale.
Key takeaways
- Templates per account type; frequency rules and SLAs.
- Automatch with tolerances; exception queues.
- Aging dashboards; preparer/reviewer segregation.
Templates & policy
- Bank, accrual, clearing, suspense, intercompany.
- Risk scoring drives documentation requirements.
- Daily/weekly/monthly cadence policies.
Automation & matching
- Multi‑rule automatch and thresholds.
- Unmatched items → exception queues and workflows.
- AI suggestions for explanations (opt‑in).
Workflow & approvals
- Preparer/reviewer segregation.
- Aging and escalation dashboards.
- Certification gates tied to close.
Metrics
- % auto‑matched.
- Aging >30/>60/>90.
- Rework rate; review SLAs met.
Checklist
- Recs inventory and policy matrix.
- Bank/GL/data feeds mapped.
- Match rules and tolerances defined.
- Aging thresholds and escalation matrix.
- Sampling plan for audit.
FAQ
Yes—file/API ingestion, automatch, exception workflows, and evidence attachments.
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