What is Reconcilation and how Oracle ARCS helps to the Customer in Account Reconcilation(ARCS)

Oracle ARCS Learning Series:

 If you are considering learning Oracle Account Reconciliation Cloud, then these series of Articles will provides a complete package. It empowers you with the skills to set up the Account Reconciliation environment and manage Account Reconciliation period end processes as well as large-scale transaction matching capabilities.

You will learn to:

• Prepare, submit, review, approve, and reject reconciliations
• Set up and perform group reconciliations and summary reconciliations
• Import balances using Data Management and Data Integration
• Create and manage rules to control how different participants handle the reconciliation workflow
• Reconcile accounts that have a large number of transactions and/or complex by using Transaction Matching
• Create and manage match types to define the Transaction Matching process
• Configure match processes and Alert Management
• Perform administrative and automation tasks in Account Reconciliation

 

 

 

 

Prior to any Account Reconciliation system , Customers follow the below method to reconcile their data using Excel, Chat, Calls based on the existing system

 

 

 

Oracle ARCS Solution Highlights: