End-to-End Reconciliation and Certification

Automate exception management processes for great efficiency and speed

Managing exceptions as part of the reconciliation process typically requires manual processes that are labor-intensive, error-prone, and costly. With Frontier Reconciliation: Workflow Manager, you can manage rising transaction volumes and related risks by automatically identifying, routing, and resolving exceptions according to your organization’s best practices.

Workflow Manager is a fully-integrated workflow and case management solution that provides approval workflow capabilities for exception management. Automatically identify, route and resolve exceptions for a faster close and move your organization from a manual control process to an automated exceptions management platform.

Frontier Reconciliation operates as a centralized hub that consolidates operations and powers breakthrough processing. This single, standardized architecture pushes information across borders in real‑time, enabling fast responses and informed decision‑making. Using a web interface, personnel across the enterprise receive an elevated view of information and process workflow – and benefit from best-in-class capabilities for matching, exception management and resolution, risk management, and reporting.

Data can be imported in any format from internal sources such as a general ledger or accounts payable systems, or externally from a bank, message network, or other data sources. Real-time reporting capabilities remove manual reporting efforts and allow organizations to shift analysis to Day-1 tasks.

Automate critical financial processes and controls to simplify the adoption of a sound financial governance strategy

Reconciliation and certification are normally two separate processes. Integrating them as a single process is a crucial move that significantly improves accuracy and confidence in the data being attested/certified. It allows the data to be traced to its source throughout the entire financial close life cycle – from data ingestion through matching, exception management, reconciliation, certification, and signoff.

Account Certification is a fully-audited workflow-based solution to manage the review and approval process for reconciliations. Encapsulating industry best practices and accepted compliance frameworks, Account Certification delivers critical visibility and transparency into reconciliation controls and the associated supervisory and attestation processes demanded by regulatory compliance.

Implement stringent audit control processes and full separation of duties

Organizations today face an increasingly compliant‑sensitive business environment. The implementation of a structured and robust IT audit compliance strategy is required to effectively adhere to recognized standards. Two key elements of this strategy are change control and separation of duties.

With Transfer Manager, a business-rules transfer tool within the change-control process, your organization can achieve compliance with even the most stringent audit practices. Transfer Manager enables your organization to implement audit control processes and full separation of duties while supporting quicker deployment of reconciliation system additions and modifications, eliminating the need for human intervention.