Product Overview
Matcharec - Achieve account accuracy and integrity
Matcharec is the new-generation account reconciliation solution embedded within SAP ECC or SAP S/4HANA. Integrated with Financial Closing Cockpit to streamline your financial close and transform your month end reporting to a seamless and automated one.
Matcharec provides real-time data flow from your general ledger to complete account reconciliation in an automated and standardized manner.
Matcharec automates and standardizes the reconciliation process to produce financial statements with high data integrity and accuracy. It drives streamlined financial close by providing finance teams with a methodical and streamlined approach to verify the correctness and appropriateness of balance sheet accounts. Matcharec has embedded segregation of duties and business rules that organisations can adopt to build in a smarter and more efficient way of reconciling accounts.
Quick Demo
Unlock the value of Matcharec for your organisation. Contact us for a quick demo to see the value of standardized and optimized processes for account reconciliation. Streamline your processes today and achieve account reconciliation integrity.
Matcharec Features Overview
Features Overview
- No need to import transactions and balances from ERP to Matcharec. This happens in real-time in the one system
- Auto-check of Matcharec data to source to ensure completeness and accuracy vs. General Ledger
- Automatically calculate differences between Matcharec account balance vs. General Ledger
- Quick access to source data and transactions
- Consolidate all comments and supporting documentation and attachments in one centralised repository
- Visibility and transparency of entire reconciliation process and status
- Define business auto-reconciliation rules and logic
- Efficient reconciliation process as templates are standardised
- Auto-certify accounts based on business rules and logic
- Auto-populate reconciliation template with details from account master data
- Role-based workflow approval processes with embedded segregation of duties to ensure account reconciliation integrity
- Lock down of account reconciliation once Reviewer approves. This ensures integrity of data with no unauthorised change to data records
- Real-time dashboards that are interactive and intuitive
- Smart reporting based on business-defined metrics such as reconciliation status, timeliness, quality, rework processes
- Enter comments to the reconciliation for greater collaboration and communication with all members involved in the process