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Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

LedgerSight is an innovative application that leverages AI to enhance finance operations for teams working in regulated or control-sensitive environments. By integrating financial and operational data, it facilitates crucial processes such as reconciling bank statements and accounts receivable, reviewing accounts payable exceptions, prioritizing collections, allocating cash, performing financial-close checks, and analyzing recurring exceptions. This software excels at matching transactions, identifying discrepancies, and suggesting actionable next steps, all while providing relevant context for each case. Reviewers can evaluate the proposed recommendations against established policies and approval limits, allowing for either approval or override of suggestions. Additionally, LedgerSight meticulously records all relevant source context, recommendations, policy parameters, decisions made, and subsequent actions taken through its CloudSeals Evidence Fabric. Rather than replacing existing finance systems, it complements them by integrating seamlessly, as it does not autonomously post ledger entries or process payments. This integration ensures that teams can enhance their operational efficiency without disrupting their current workflows.

Description

To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

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Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

CloudSeals

Founded

2019

Country

United Kingdom

Website

cloudseals.com

Vendor Details

Company Name

RecWise

Founded

2017

Country

Australia

Website

www.recwise.com

Product Features

Product Features

Audit

Alerts / Notifications No 
Audit Planning No 
Compliance Management Yes 
Dashboard Yes 
Exceptions Management Yes 
Forms Management No 
Issue Management No 
Mobile Access No 
Multi-Year Planning No 
Risk Assessment Yes 
Workflow Management Yes 

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Alternatives

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