Automates Month End Finance Processes

Taking the stress, time and expense out of financial close

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Automate finance tasks around month end

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Automated rec report

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Variance analysis

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Automated transaction reviews instantly catching errors before books close

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Cleaning up, clearing and matching within GL accounts

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Audit checks

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Automated journals

Vendor Recs, Reports & Cost Analysis.

Vendor Recs: Matching the data from the statement in excel format to the data in SAP.
Vendor Payment Allocations and Clearing: Direct Debit vendor payments often do not get matched with the invoices leaving the accounts in a mess. We clean up the accounts.
Reports: Works with SAP team to create the below reports based on previous success for other companies; PO and cost report analysis; Supplier Invoice report breaking down invoice status; Overdue Creditors report; Bringing supplier data to the P&L side for greater analysis; Report showing additional lines booked directly to a GL and PO lines not used; Parked reason code analysis; Duplicate invoice report.

The Company’s Act and SOX Controls require companies to ensure the figures in their accounts are correct & accurate. This process is carried out by a review of transactions posted and completion of monthly account reconciliations. This is a time consuming, tedious process resulting in a overworked finance team, high costs and stressful month ends.

RecEasy automates the tasks of reconciliations and posting transactions into SAP using robotics and machine learning.

RecEasy helps the finance teams in large companies to automatically show that every figure in their accounts is correct – automating the time-consuming compliance task related to account reconciliations, reviewing transactions and audit checks.

It automatically gathers and analyses finance data from SAP and other sources and reviews its related backup transactions like PDFs, Reports, Screenshots, Excel Docs, Emails & Calculations using unique Text Analysis & Machine Learning Techniques. In doing so the solution forms an automated reviewed reconciliation report and audit checks, enabling the company save time and costs, and allowing the financial controller and finance team to focus on other value added tasks.

Manual Transaction Reviews

RecEasy can review this data, validate it is correct and summarize with an audit trail. Find the errors before the books close.
Variance Analysis

Pinpoints the reason for the variance to the accountants.
Online Management Accountant

Ensure costs hit when they expect to hit. Highlights new, missing, what needs clearing or re-accrual in every GL account after comparing each month’s data.
Rec Preparation

GL account analysis and clean-up and validating to the source backup allows RecEasy to complete the rec automatically.
Clearing Documents and Matching to Associated Invoice or Fee
Open Item Matching

GL Accounts are now matched, cleared and cleaned up.
Banking and Receipt Analysis
Automated Journals

I/C Analysis & Posting

Highlights missing and wrong amts and recommends corrective action.
GR IR Clearing and Analysis

S4 Hana can tell which GRs are different than the PO and invoice which leads to blocked invoices. We further analyse to find the exact issue and highlight issues.
P2P

Vendor Recs, Vendor Payments matched and cleared to Invoices, Better reports for better supplier analysis.
Pull information and Post back to SAP Automatically
Creation of Workflows
Idoc Management and Tracker
Data Cleansing and Archiving