ACUREC
Because in the world of business, accuracy matters. And with Acurec, accuracy is what you get.
ACUREC – THE NEXT LEAP IN
FINANCIAL RECONCILIATION TECHNOLOGY
In the complex landscape of business finance, errors are not merely inconvenient; they represent significant risk and inefficiency.
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We understand that traditional reconciliation processes can be a painstaking endeavour.
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Inaccurate reconciliation can lead to significant financial risk and resource strain.
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Particularly in the context of credit card and UPI payments, the challenges intensify due to T+1 or T+2 settlements.
Therefore, we’ve engineered AcuRec to transcend the ordinary, ensuring meticulous accuracy and robust financial governance for your enterprise.
BENEFITS
Daily Reconciliation
Acurec streamlines daily reconciliation tasks, accelerating the process and reducing manual errors, enabling finance teams to maintain up-to-date and accurate financial records efficiently
Accuracy
Acurec helps you achieve high levels of accuracy, often exceeding 99% and reducing errors such as data entry mistakes, mismatched transactions, and oversight of discrepancies.
Swift Integration
With cutting-edge cloud infrastructure, experience swift integration, operational within two weeks – a stark contrast to traditional, cumbersome implementations.
Zero Possibility of Fraud
Acurec can systematically cross-reference transaction data, identify irregularities, and trigger alerts for suspicious activities, enabling timely intervention and mitigation of fraudulent transactions.
High element of Governance
Acurec enables a standardized and auditable process, ensuring strict adherence to compliance rules.The system’s transparency, detailed audit trails, and customizable reporting contribute to a high level of governance oversight in financial operations.
HOW IT WORKS?
Acurec reads transactional data such as bank statements, credit card statements and UPI transactions and matches them with company ledgers.
Seamless identification and exception handling, flagging transactions that require manual intervention for further investigation.
With 20+ preconfigured rules, it systematically matches and reconciles payments, taking into account variables such as dates, amounts, and transaction codes.
Solution automatically logs into SAP, accesses the general ledgers and downloads the accounting entries.
Updates the accounting entries in SAP, marking them as reconciled, wherever applicable.
Detailed reconciliation reports for review, highlighting matched transactions, discrepancies, and any unresolved issues.
