Product
Fully integrated within our reconciliation solution ReKognize is our automated account sign-off and attestation tool. It is designed to remove the friction of financial close periods and deliver 75% of time savings.
Financial organisations must ensure that accounting records and controls are sufficient to substantiate balances and transactions under review. Substantiation includes the accuracy of the value, as well as the value that hasn’t been impaired.
ReKognize automates any period-end fast close or multi-layered organisational structure. It’s easily scalable to support large volumes of reconciliations, giving you confidence in period-close processes even as your company continues to grow.
With regulators and stakeholders today demanding more data, organisations must close out period ends in fewer days and produce data with high levels of granularity.
By providing a centralised sign-off and attestation tool, ReKognize simplifies period-end processes and helps you to manage tight deadlines. Our solution has the flexibility to ingest data from any system and in any format, including reconciliations, trial balances and ERPs.
The tool automatically applies version control, generates journal entries and records a full audit trail, allowing you to demonstrate effective control and oversight of the sign-off process.
ReKognize can surface MI in a way that suits your firm, providing real-time control dashboards on a regional and global level for status, dependencies and progress against fast close targets. Automated alerts and notifications mean that you can stay on top of delays, bottlenecks or beaches of SLAs with ease.
By guiding users through the necessary steps, ReKognize is designed to reduce the manual work required to resolve issues and re-submit accounts for approval. Journals are also produced and re-submitted automatically, giving you more time to focus on what matters most.
Our in-house technical, industry and regulatory experts work with you to implement the solution, ensuring quick delivery and ROI.
As part of the onboarding process, our clients are assigned a dedicated customer success manager to answer your questions, receive any feedback and provide you with tailored service. You will also be allocated a member of our friendly Client Services team, who are on hand 24/7 to resolve any technical issues you may face.
