Overview
T-Recs delivers powerful, end-to-end account reconciliation, streamlining high-volume financial close processes for enterprises. Although the interface may feel somewhat dated, the platform’s robust automation, highly customizable matching rules, and responsive support provide significant value, making it a compelling choice for organizations seeking accuracy and control.
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Starting Price
Custom
T-Recs Specifications
Financial Reporting
Bank Reconciliation
Audit Trails
What Is T-Recs?
T-Recs is an automated account reconciliation solution built for mid-to-large enterprises that face challenges with outdated, manual processes. It reduces the risk of data entry errors and financial misstatements through rule-based transaction matching. By automating exception management and notifications, T-Recs allows finance teams to focus on analysis rather than clerical tasks, ensuring greater accuracy and efficiency in the financial close cycle.
T-Recs Pricing
T-Recs Integrations
The software supports integration with multiple systems and platforms, such as:
- Oracle
- SAP
- Microsoft Dynamics
- NetSuite
- Workday
- Workiva Software
Who Is T-Recs For?
T-Recs is ideal for a wide range of industries and sectors, including:
- Healthcare
- Financial services
- Industrial manufacturing
- Insurance
- Power and utilities
- Retail
- Restaurants and food service
Is T-Recs Right For You?
T-Recs is an ideal solution for mid-to-large enterprises aiming to automate and streamline their financial close processes. Recognized for its robust automation, scalability, and compliance features, it supports high-volume reconciliations across various industries. The software's commitment to security and its ability to integrate with leading ERP systems make it an excellent choice for organizations seeking efficiency and accuracy in financial operations.
Still unsure about T-Recs? Connect with our customer support staff at (661) 384-7070 for further guidance.
T-Recs Features
T-Recs automates the matching of large volumes of accounts using pre-defined rules, clearing daily transactions from credit cards, gift cards, and cash accounts efficiently. This reduces manual effort, accelerates reconciliations, and minimizes potential delays in financial close processes for organizations.
The software automatically generates journal entries according to defined business policies and allows manual creation using validated templates. Key characteristics such as accounts, account combinations, amounts, and required allocations are verified, ensuring accurate, compliant, and error-free posting for efficient financial management.
T-Recs provides interactive dashboards displaying real-time information on risk ratings, reconciliation statuses, exceptions, and task progress. These visual insights enable finance teams to make data-driven decisions quickly, monitor critical parameters, and maintain full visibility across the reconciliation and financial close processes.
The platform’s task tracking feature improves month-end productivity by assigning, monitoring, and reporting on reconciliation tasks. It helps finance teams measure performance, identify bottlenecks, and streamline workflows, ensuring greater accountability and efficiency while accelerating overall financial close and reporting cycles.
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