Transaction-Level Matching: the Key to Effective Reconciliation

Confused by conflicting definitions of transaction-level matching in reconciliation and financial close processes? True transaction-level matching is at the detail level, rather than the summary (or balance) level. With true transaction-level matching, you can see the numbers behind your financial statements and you can identify specifically where the exceptions are, which minimizes financial exposure. An effective reconciliation and certification solution should provide true transaction-level matching capabilities.

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