ReKognize™

ReKognize™ is our account sign off and attestation tool and is fully integrated with our award winning reconciliation solution.

Key benefits

  • Ownership of every account and sub account can be assigned
  • Clear visibility of ownership across legal entities, business units and 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

Complete fast-close solution

ReKognize™ ensures an organisation’s 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 which hasn't 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.

Account sign off and attestation

With regulators and stakeholders demanding more data and more granularity more often, there is a real demand for organisations to close out period ends in fewer days, but produce more information.

ReKognize™ alleviates pressures by providing a centralised sign off and attestation tool, to manage tighter deadlines. Our solution ingests data from any system in any format including reconciliations, trial balances, and ERPs. Supporting documentation is recorded and stored electronically within ReKognize™.

Version control is automatically applied, journal entries are automatically generated and full audit trails are recorded to substantiate the control of the sign of process. Target times are set against reconciliation and substantiation of accounts and sub accounts.

Real time control

Real time control dashboards on a local, regional and global basis are produced showing status, dependencies and progress against fast close targets. Alerts and notifications of any delays, bottlenecks or breaches of SLAs are automatically generated to users and managers. Fully integrated workflow guides users through the necessary steps to resolve issues, resubmit accounts for approval, with any necessary journals being automatically produced and submitted for posting.