Maintain Financial Control Through Auto Cash Reconciliation
Cforia Software provides a solution for automating the process of Cash to GL Reconciliation. Using this tool eliminates the manual labor of matching records kept in your company’s general ledger to cash receipts. Remittance data is consolidated from your diverse data sources including bank lockboxes, Point-Of-Sale cash receipts, EDI and spreadsheets. Thisinformation is compared directly to specific general ledger accounts and auto-matching is completed. The module’s powerful matching engine permits users to customize the rules which ensure the reconciliation of outstanding transactions and improve company cash recognition.
Seamless Reconciliation of All Cash Movement:
Handles most EDI-820 remittance and EDI-823 ACH formats
Standard matching algorithms available include combinations of the following reference data: invoice amount, invoice number, purchase order reference, sales order reference, discount amount and due date.
Matching rules can be modified or enhanced to include other specific reference fields or, as is often the case with EDI files, combinations of specific fields.
Can incorporate specific business rules which exist between trading partners in order to determine correct updates to system including removing duplicate entries and netting transactions.
Auto processes discount and credit/debit notes.
Auto post to any ERP system’s A/R and GL
Each EDI upload has its own journal, so multiple files can be processed simultaneously.
Auto-Reconciliation of Cash to GL
Custom Periodic Reconciliation
Mutli-Currency, Multi-Site Solution
Tolerances & Write-Offs
Real-Time Data Integration