Thursday, March 1, 2012

SubLedger Accounting Advantages

•Internal control and compliance with multiple accounting policies through user-defined accounting rules
•Single source of truth for all subsystem accounting activity with a common data model and repository
•Accounting, reconciliation and reporting facilitated by centralized data model
•Streamline closing process with common posting engine
•Auditable and transparent entries accessible with full drilldown


----Transaction Level Compliance-----

•National Daily Journal Requirements
•Internal Control: Central Definitions, Eliminate overrides
•Policy Enforcement in Volume Processing
•Transparent Accounting Rules
•Debits & Credit at the point of the event
•Automate Foreign Operation adjustments
•ReconciliationPlatform

SLA ties with GL and keeps the financial flow intact and makes simpler to auditors as well