Record to Report Overview
With a focus on streamlining the record to report process, Exela’s Record to Report solution offers you an accurate, automated, end-to-end approach to an imperative financial operation. By creating two customizable rules-based BOTS, each solution is tailored to the company’s needs, providing a flexible outcome. The BOTS eliminate or reduce the manual workload, identifying trends and performing in-depth analysis to save time and effort.
Our Record to Report solution offers a BPM layer to automate recurring and standard journal entries establishing a clear auditable trail to prevent non-compliance, and provide insight into the process.
Reconciliation Transformation And Journal Entry Process
Exela’s Record to Report solutions automate reconciliation and journal entry. Exela’s solutions extract order-related information from the shared files, then analyze it based on rules for reconciliation for the applicable payment gateway. For journal entry processing, Exela’s solutions create a memorized transaction for future repetitive entries, provide journal templates, and integrate into all subsystems and workflows. Exela’s automation increases accuracy, helps prevent non-compliance, and provides cost savings.
Powerful Tools for Financial Tracking, Analysis, and Visualization
Capture and integrate all of your financial data into a single system that uses analytics engines to conduct a thorough analysis and intuitive visualization tools to provide actionable insights. Through AI-supported analytics and modeling engines, our platform enables you to discover patterns, identify correlating factors, and use predictive modeling to anticipate future trends.
Intelligent Tools for Managing Cash Flow
Exela’s integrated digital platform combines rules engines, artificial intelligence, and iterative learning to monitor cash flows, coordinate financial information and operations, optimize cash resources, maintain liquidity, and empower short-term financing and investment. Our platform enables better financial decision-making, improves your KYC process, and maximizes the effectiveness of your AML strategy while giving you visibility and control over all receipt and payment activities.
Managed Fixed and IT Assets Through a Single Solution
Our asset tracking software provides a comprehensive solution for asset management and administration while allowing complete visibility over your entire portfolio of properties and IT assets. Its intuitive interface allows you to track tenant details, revenues, and expenditures and stay current with utility contracts, maintenance requests, and vacancies.
Collaborative Tax Strategies for Optimal Tax Incentives
We help you identify and document all qualifying tax credit activities to maximize reimbursement. From helping with tax strategies such as cost segregation to exploring the last-in-first-out (LIFO) accounting method, our solution combs through various tax credits to help reduce taxable income and expenses.