SmartStream’s TLM Account Reconciliation Management software delivers a unified, automated platform for account reconciliation and balance sheet substantiation (account certification). Account reconciliation is applied daily, monthly and quarterly at both the account balance and transaction level.
Balance sheet substantiation through workflow-based processes for account ownership assignment, distribution of financial reconciliation results, exception management, approvals, sign-offs and reporting increases productivity, control and visibility at the core of the financial close process.
TLM’s industry leading automated matching capabilities enable firms to efficiently reconcile data sets against their general ledger and close accounts more effectively. Integrated, workflow-based exception management tools highlight data that has failed to match and provide the reconciler with a resolution path to find the underlying cause. This proactive approach saves time and money, identifying issues before financial statements are issued.
At every stage of the process, TLM Account Reconciliation Management provides full visibility of all actions and activities to CFOs, controllers, reconcilers and auditors.
