Posts Tagged jd Edwards reconciliation
Reconciliations: It Doesn’t Have to be This Way!
Posted by ryan.alford in Uncategorized on July 15, 2010
Check out InsightSoftware.com’s cartoon about JD Edwards reconciliations:
http://www.youtube.com/insightsoftware#p/a/u/0/RspO90mFy8w
Stay tuned for more in the series. Let us know what you think!
Reconciling the Accounts in JD Edwards Doesn’t Have to Suck!
Posted by ryan.alford in Uncategorized on July 12, 2010
A company’s financial prowess and compliance go hand-in-hand. Without proper insight and strategic oversight of the business, many of today’s top global companies are missing a large piece of the financial puzzle.
CFOs should maintain the perfect balance between strategy, planning, forecasting, budgeting, reporting, and analysis. This is more simplified (and cost-effective) by having an automated process for account reconciliation. Without a monitoring system in place, performance improvements will be limited.
In a research report called “How to improve reconciliation activities,” published by PriceWaterhouseCoopers, many “account reconciliation problems are preventable. Timing, is also frequently an issue: account reconciliations that are in arrears more than one month risk misstatement of the financial results. Depending on the level of risk, perform reconciliations daily, weekly, monthly, or quarterly.”
Curious to know what to do about reconciliation problems in JD Edwards? Implement automation that recognizes reconciling items and streamlines the review process.
Read more: http://www.insightsoftware.com/docs/E-Book_-_Insight_Reconciler.pdf.