Page 48 - Millennium U4F Brochure 2021

3. Reconciliation
Before your data can be uploaded to your cloud-based Unit4 Financials system, you need to check that
it matches your source systems.
If it does not reconcile with the information as it first arrives in your business, you cannot base your accounting decisions on it.
There are two levels that this needs to happen at:
• Account level.
• Transaction level.
This is another resource intensive task that is prone to inaccuracy when carried out manually.
Highlighted Solution:
Reconciliation Manager
Our Reconciliation Manager gives you an efficient and effective way to guarantee accuracy by comparing high-level dataflows and transaction- level postings.
4.
Management
Once your data is uploaded to the cloud and reconciled with your source systems, you need the ability to manage the information flowing into your finance function on a daily basis. You need the tools to monitor and manage your accounting information continuously.
There are three elements to this:
• Interfacing. • Validation.
• Communication.
The constant monitoring of your data flows is a challenging, time- consuming task without the digital automation tools to drive efficiency.
Highlighted Solution:
Interface Manager
Interface Manager gives you a simple way to control all your existing Unit4 Financials integrations and build new extensions.
5.
Operation
Even with a sophisticated ledger system like Unit4 Financials in place, it is likely you still perform manual tasks to support it on a day-to-day basis.
There are three key areas where automation can drive efficiency:
• Scheduling.
• Analytics Localisation.
Highlighted Solutions:
Schedule Manager
Schedule tasks to run automatically
within your Unit4 Financials system, removing the resource cost of completing them manually.
Analytics Manager
Our powerful Analytics Manager gives you the tools to delve into the detail of your data and gain the intelligence that drives results.
Localisation Manager
Localisation Manager takes the local complexity out of global accounting processes, reducing the resources needed to manage regional regulations.