For North American customers with SOX/internal control requirements for their accrual/deferral posting process, and customers with 3rd party solutions posting month end accruals that need to be reversed.
The auto reverse of journal entries isn’t available in the Verify General Journal Entries or Manage Journal Entries apps, nor does ‘standard’ reversal functionality address common business requirements in the areas of SOX Compliance and internal controls. Using this new program strengthens the process of internal control to satisfy the requirements of Sarbanes-Oxley with a minimal level of effort. The alternative — coming up short in your compliance efforts - could be costly, time-consuming and result in unexpected inquiries or penalties.
Journal Entry Auto-Reversal
Price on request
- Deployment within one week