
The Business Challenge
With high volumes of account records requiring attestation every month – by thousands of users, in multiple locations, on data fed from multiple, general and sub-ledger systems – ensuring the accuracy, consistency, completeness and efficiency of the month end process can be difficult and time-consuming.
Our Solution
Built from the ground up in partnership with global financial services institutions, BCS integrity is focused on solving the issues customers face with their month end process. Whether the challenge is combining data from multiple ledgers, bringing together teams from around the globe under a consistent process, dealing efficiently with high volumes of account records or quickly and easily providing consolidated MI reporting, BCS integrity is designed to enable financial services organisations to facilitate their balance sheet attestation processes more effectively.
Month End Process Management
The system also includes tools for managing the month end process, such as automated ownership assignment based on user-defined rules, time-sensitive alert notifications and timetable management to drive maximum efficiency.
Data Consolidation
BCS integrity can take data from multiple ledger and sub-ledger systems and combine them into a single, common dataset. Using its highly flexible mapping system, disparate formats and layouts of data can be easily combined to provide a centralised golden source of account information for easy reporting via powerful MI screens and KPI dashboards.
Multi-stage Attestation Process
As well as setting multiple sign off steps against each account record, BCS integrity provides functionality to capture and age reconciliation exceptions, log and track issues to resolution and deliver a central location for storing and viewing supporting documentation and evidence.