Reconciliation & Manual Process Review

Reconciliation & Manual Process Review

Consilium Technologies always aims to design your system to suit your business processes. However we also recognise that often the introduction of new computerised systems goes hand in hand with a change in the manual processes which surround them.

This can be as a result of:

* Old processes and reconciliations being made redundant by the introduction of more integrated systems and computerised controls

* Taking the opportunity to review current working practices to better reflect the changing requirements of the organisation

* The new system requiring slightly different reconciliations and period end processes to the old

To help ensure a smooth transfer between accounting systems, Consilium's professional Project Services team work with you the customer providing advice on the reconciliation process, setting up reconciliation timetables and procedures to ensure that everything is in place from day one of the new system installation until the end of the first years audit cycle.

Consilium Services Consultants have a wealth of experience, are accustomed to changing and varied environments and will work along side you to complement your existing workforce. This can result in the streamlining of systems, clear audit trails and improved working practices.

Although it is recommended that this review should take place early in the live phase of the project, it can be undertaken at any time. Events which may indicate that support would be helpful are

* The period end process is taking an unusual length of time and information easily obtainable from the old system is proving difficult to report in the new
* The period end process is very quick but there is little evidence that fundamental data integrity checks have been performed
* Requests for ad hoc information take a long time to complete as staff check the data from scratch
* A less than excellent audit report
* Senior management require reassurance that systems are working as they should

Consilium's unique approach compares best practice with your current procedures and recommends essential reconciliation processes and frequencies. We also provide guidance on backing documentation and evidencing review and streamline any manual procedures. Our reconciliation and manual process review is delivered by experienced staff, with a detailed knowledge of you, your business and your market.

Working closely with you the customer, the review provides:

1. An agreed structure and agenda
2. Clear objectives set out at the start
3. Detailed analysis of your current reconciliation process and related manual processes
4. A report with recommendations based on best practice