Digital customer engagement

UniServe™ NXT Digital
Financial Reconciliation Management

Automation of financial consolidation and auditing that eliminates manual dependencies

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Account Reconciliations

Provide accountants with a streamlined method to verify the accuracy of balance sheets.

Transaction Matching

Streamline transaction reconciliations using automation to enjoy faster statement reconciliations and credit card matching.

Consolidation Management

Bring together various data sources to perform auditing and transaction matching with ease.

Pre-bill auditing automation for telecoms

Digital Financial Reconciliation Management helps communication service providers completely automate bill audits while complying with metering accuracy regulations. It also enables them to arrest revenue leakage and enhance their brand image by auditing 100% of bills issued, without depending on skilled manpower.

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Pre-bill auditing automation for telecoms

Automation of Manual Reconciliation

Standardize and automate all types of reconciliations that includes general ledger and balance sheet accounts, credit card, inventory and investment reconciliations. Streamlining the process prevents revenue leakage, eliminates misstatements, minimizes risk, and improves brand image.

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Establish Standardized Internal Processes

Accelerate your period-end account reconciliations and other operational reconciliations using UniServe™ NXT Digital Financial Reconciliation Management. Our automated internal processes help you move beyond manual, error-prone, spreadsheet-driven workflows. Automate consolidation of multiple general ledger (GL) sources spanning accounting cycles, and ensure accurate financial closure.

Frequently Asked Questions

The process of reconciliation ensures the accuracy & validity of financial information. Also, a proper reconciliation process ensures that unauthorized changes have not occurred to transactions during processing.
Reconciling your balance sheet allows you to verify that all of your entries are recorded and classified correctly. For most businesses, it's best practice to reconcile your balance sheet every month. Having monthly balance sheet reconciliations can keep your balance sheet accurate and free of errors.
Reconciliation of Cost and Financial Accounts ensures that no expense or income has been left to record. It helps in proper decision making because of the accurate results prepared in reconciliation. It shows the reasons for difference in the results of cost and financial accounts.
Print or download the general ledger for the cash account you’re reconciling, print or download bank statements for the account you’re reconciling, compare transactions from the general ledger to the bank statement, make a note of all differences between the general ledger and the bank statement, investigate the differences, and make corrections to the general ledger account, if necessary.
A reconciliation statement is a document that begins with a company's own record of an account balance, adds and subtracts reconciling items in a set of additional columns, and then use these adjustments to arrive at the record of the same account held by a third party.

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