InsightSoftware.com plans to highlight its Insight Reconciler product during the Quest Midwest tradeshow, Aug. 17 and 18 in Rosemont, Ill.
Insight Reconciler rewrites the rules of JD Edwards reconciliations, highlighting integrity issues in real-time and explaining inconsistencies with full transactional drill-down.
According to a recent PricewaterhouseCoopers study, accurately managing the reconciliation of accounts adds to an organization’s financial reporting success: “Effective management of account reconciliation activities greatly increases executives’ ability to proactively identify and resolve issues that could result in misstatements in financial accounting and reporting records and lead to substantial write-offs. Many common account reconciliation problems are preventable. By creating and putting in place appropriate reconciliation and information management processes, and improving organization, training, and automation, companies can gain assurance over their general ledger balances.”
For JD Edwards users, having Insight Reconciler helps gain this assurance over the GL – in addition to Accounts Payable, Accounts Receivable, Inventory, Fixed Assets, and Received Not Vouchered. Built for end-users, Insight Reconciler is customizable to suit an organization’s specific reconciliation needs.
“…(Insight Reconciler) has dramatically improved the efficiency of our end-users, from ad-hoc lookups to month-end close, reconciliations and audit cycle reductions,” said Melissa Penfield, Director of Business Systems at Majestic Realty Co.
Dump the spreadsheets. Stop the pivot table madness. It’s time to learn why having a tool like Insight Reconciler can help. The PricewaterhouseCoopers study continues: “Information management issues range from preparation of reconciliation in spreadsheets (which rarely have supporting documentation and proper controls over versions) to lack of visibility into the current status of account reconciliations. In many companies, internal audit reviews and Sarbanes-Oxley 404 tests are the only formal source of information available to evaluate the potential impact of unreconciled financial accounts on financial statements.”
To learn more about Insight Reconciler, visit http://www.insightsoftware.com/reconciler/.
Attendees of Quest Midwest can visit InsightSoftware.com at booth No. 23 for an Insight Reconciler demonstration. Additionally, showgoers are invited to attend InsightSoftware.com’s session, “Improve Data Integrity to Streamline Reconciliations and Month End Reporting,” presented by Tracey Lewis on Aug. 18, 9 a.m. – 9:50 a.m., in room International F.
