ReKognize is AutoRek’s account sign off and attestation tool, which is fully integrated with AutoRek’s award winning reconciliation solution. ReKognize ensures that an organisation’s accounting records and controls are sufficient to substantiate balances and transactions under review. Substantiation includes not just the accuracy of the value, but also the value that has not been impaired. ReKognize supports any period end fast close, multi-layered organisational structures and is scalable to support large volumes of reconciliations which have to be completed and signed off on a frequent basis.

Benefits of Rekognize

  • Ownership of every account and sub account can be assigned

  • Clear visibility of ownership across legal entities, business units, locations

  • Organisational hierarchies are supported and enforced

  • Consistent approach, greater control and transparency

  • Balances and transactions are refreshed as often as data is available

  • Faster interrogation and error reporting

  • More efficient and effective management sign off and consolidation

  • Supporting documentation is requested and stored

  • Frequency of attestations is recorded and enforced

  • Reconciliations are locked down during fast close, driving journal requests and MI

  • Overdue sign offs are automatically pursued

  • Full audit trail providing visibility across fast close process

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