ACCOUNT RECONCILIATION SOFTWARE

Collaborative account reconciliation for smarter, faster close

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Why choose Prophix One^™ for your account reconciliation?

Get real-time visibility

Track reconciliation progress by account, period, entity, and close type—with full visibility into automated transaction matches, unmatched items, and outstanding tasks. Ensure accountability from start to finish.

Optimize workflows

Avoid bottlenecks with AI-powered transaction matching through Prophix One Intelligence, enabling a faster and smarter close.

Enhance audit preparedness

Decrease your audit time and costs by keeping all account reconciliation detail and adjustment documentation in one place.

Speed up your close process

Close accurately, and with less effort, with AI-powered transaction matching, built-in checklists, and close performance analysis.

Next-Gen Finance with Prophix One^™

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Standardize, automate, and streamline your reconciliations

Prophix One Account Reconciliation simplifies and standardizes your entire reconciliation process – from preparation to review to sign-off. Replace manual spreadsheets with a centralized, automated system that improves accuracy, ensures compliance, and gives your team full visibility into every step of your close. With built-in templates, audit-ready controls, and collaborative workflows, you can reduce risk, save time, and close with confidence.

Close faster with AI-powered transaction matching

Prophix One Account Reconciliation automates transaction matching with artificial intelligence to reduce manual work and improve accuracy. Quickly match high volumes of transactions using AI, so your team can focus on resolving exceptions - not tracking down data. Built-in workflows keep everyone aligned with real-time updates, clear task ownership, and full visibility into progress.

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Set it once, reconcile automatically

With Prophix One, you can build automated reconciliation schedules that run each month, quarter, or period with no manual rework required. Each schedule runs reliably and consistently, reducing errors and keeping your team focused on higher-value work. Standardized processes, audit trails, and clear scheduling logic ensure accuracy, accountability, and a smoother close from period to period.

Trusted by over 2,500 customers

Driving reporting accuracy and data confidence

SpaceSaver

Spacesaver’s financials used to be a mystery three days into their four-day close process. Now, their finance team can have an informed discussion on their data on day two.

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Health Connect America

With Prophix One, Health Connect America decreased month-end reporting process time from 4.5 days to 2 days and their Operating Contribution actuals to budget variance improved from 16% to 6%.

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Electra Link

Automating their financial processes reduced the time Electra Link staff spend on preparing financial statements. Now, their financial reporting provides more depth to division managers with better visibility into KPIs.

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What are customers saying about Prophix One^™ Account Reconciliation?

Learn more about the measurable impact that real customers are already seeing in their finance operations.

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Enhance financial governance

Prophix One Account Reconciliation software improves financial governance and stakeholder confidence with role-based security, period lockdown and system-wide audit trail capabilities. Substitute unreliable spreadsheets with structured reconciliation templates and AI-powered transaction matching to improve data quality, reduce errors, and accelerate your close. Now you can close accurately, with less effort, and let your teams work on high-value tasks leading to a productive team.

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Finance as we know it is changing

What does the next generation budgeting and planning software look like for the Office of the CFO? Learn how to research, evaluate, and purchase budgeting and planning software. Check out the Ultimate Guide to Next-Gen Finance.

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Hear from real customers

ServiceMaster of Canada

Hear how ServiceMaster shaved down hours in their monthly account reconciliation process with Prophix One.

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Made for finance leaders

Discover Prophix One and unlock your potential for success.

Reporting & Analytics

Increase data accuracy and reporting efficiency, affording you more time for valuable analysis.

Financial Analytics

Financial Consolidation

Streamline close windows by eliminating manual processes and automating recurring ones.

Financial Consolidation

Automation & Workflow

Accelerate financial processes and improve collaboration.

Platform: Workflow

AI Insights

Gain a deeper understanding of your business with AI.

Platform: AI Insights

MS365 Add-In

Boost Excel’s financial modelling and planning capabilities and create insightful PowerPoint presentations.

MS365 Add-In

Integrated Business Planning

Gain visibility across your business with integrated cross-functional business planning.

Integrated Business Planning Software

Additional resources

Blog

Prophix One Account Reconciliation’s AI-powered transaction matching is here

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Now available: Prophix One Account Reconciliation

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Video

Introducing Prophix One Account Reconciliation

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Frequently asked questions

Does Prophix One integrate with my existing ERP or accounting system?

Yes, Prophix One can seamlessly integrate with a wide range of ERP systems and accounting platforms, including Microsoft Dynamics, SAP, Oracle, and more, to streamline data import and reconciliation.

How does Prophix One automate transaction matching?

Prophix One uses intelligent algorithms to automatically match transactions based on specific criteria, significantly reducing manual effort and errors.

What are key features and capabilities of account reconciliation software?

Account reconciliation software automates the process of matching transactions across financial accounts, ensuring accuracy by identifying discrepancies and streamlining adjustments. It offers features like automated matching, customizable workflows, real-time reporting, and integration with ERP systems, enhancing efficiency and reducing the risk of errors in financial close processes.

How does Prophix One^™ Account Reconciliation help improve bottlenecks in the process?

Prophix One Account Reconciliation software elevates the close process with a comprehensive overview of all financial close activities. Users can identify and scrutinize bottlenecks related to tasks and users, and compare close performance period over period, allowing for proactive process optimization. It also enables effective resource management and facilitates easy reallocation of over or under-optimized resources, ensuring a smoother and more efficient close process.

How can account reconciliation software automate the financial close process?

Prophix One Account Reconciliation automates the financial close by centralizing reconciliations, improving process visibility across the entire finance team, and generating instant audit reports. It enhances governance, boosts stakeholder confidence, and ensures an efficient close.

What is account reconciliation software?

Account reconciliation software is designed to automate and streamline the process of comparing financial records to ensure they are accurate and consistent. It helps organizations match internal records, such as general ledger accounts, with external sources like bank statements, credit card statements, or other financial records. Account reconciliation software simplifies the traditionally manual process of reconciling accounts, reducing the risk of errors and speeding up the financial close process.

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