Transaction-level reconciliation verifies each individual transaction against the documents that justify it: the contract, purchase order, receipt, delivery record, invoice and remittance. Balance reconciliation can tie out while individual transactions are wrong in offsetting ways. Checking every transaction finds each discrepancy, values it and attaches the evidence.
Confirms two totals agree at period end. Offsetting errors cancel out and stay hidden.
Checks every transaction against its documents. Each error is found on its own, with its value.
Balance checks happen at close. Transaction checks happen as documents arrive, before approval.
Every finding carries the document, the clause and the reason, ready for an auditor.
Invoices against purchase orders, receipts and contract prices.
Contracts against invoices, remittances and recognition.
Master agreements against every amendment and exhibit.
The application against pay stubs, statements and title documents.
The SOW against staffing, timesheets and invoices.
Because offsetting errors cancel out in a total. An overbilled invoice and an unapplied receipt can leave balances agreeing while both transactions are wrong.
It speeds it up. Discrepancies are found and resolved as documents arrive, so fewer surprises remain at period end.
No. The Aurus platform reads the documents and checks them against the systems you already run.
Contracts, purchase orders, receipts, bills of lading, proof of delivery, invoices, remittances and recognition entries, plus contract packages and loan files in their products.
One view of the money, from sourcing to cash, reconciled to the source document.
How the Aurus platform reads, reconciles and routes documents across products.
The money problems finance leaders raise most, and where each one actually hides.
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