Nomentia Reconciliation

Full automation for faster end of the month closing

Automated matching

Automatically import open items from multiple source systems to fetch open items in any format
Define & implement multiple rule-based matching processes, such as balance matching, AR & AP matching, lockbox matching, e-commerce matching, and more
Connect with your banks to fetch all your bank materials, such as bank statements, with detailed information on transactions
Automatically identify and categorize bank transactions using a rule-based framework
Set your own rules for the matching process
Use adjustable tolerances to eliminate the need for penny difference reconciliation
Assisted matching supports exception handling
Automatically enrich data from various sources to increase the percentage of automatically matched invoices

Use metrics and reports for development

Improve your matching processes

Understand the current level of unmatched transactions so that you can implement improvements based on the data
Implement reporting per entity
Implement reporting per matching process
Simple rule management: admin users can modify matching & posting rules themselves
Opportunity to continuously improve the matching processes and increase the automation ratio
Reduce the need for manually searching & entering missing data
Utilize simple process documentation

Aggregate transactions automatically

General Ledger Posting

Automatically process and post a wide range of transactions to multiple General Ledger systems
Automate dimension imports and create new dimension values in a few simple clicks
Easily manage and develop posting rules without the need for IT support
Exported items can be automatically saved in PDF format within Nomentia Archive
Minimize mismatch between general ledger cash vs. bank account balances
Posting to the general ledger:
- Recording detailed accounting transactions in the general ledger
- Involved aggregating financial transactions from where they are stored in specialized ledgers and transferring information into the general ledger

Compare financial records against bank statements automatically

Nomentia Reconciliation Features

Import transaction data

Get transaction data from all systems & banks and process using a single tool.

Multiple matching processes

Manage different types of matching processes based on your own, pre-defined, matching rules.

Advanced data enrichment

Automatically enrich transaction data from various sources to make the information available for matching.

Continuous improvement

Increase the automation of matching processes and create new automation rules without coding. Admin users can easily implement the changes and additions to the rules.

Automate cash accounting

Automate the posting process to minimize the mismatch between your general ledger cash and bank vs. external bank account balances.

Flexible reporting

Create entity and process-level reports to monitor performance.

Rule management

Using a few simple clicks, admin users can easily modify matching and posting rules without the need for coding. Changes will take effect immediately.

General ledger postings

Reconcile by matching bank account statement balances to your General Ledger cash account balances.

Managing global payment processes

A payment hub for Valmet

Using Nomentia Payments, Valmet has automated its payment processes in multiple locations.

"Both our IT department and our Financial Service centers have been pleased with Nomentia Payments. We are also impressed with the high level of information security."

Annika Westerholm

Director, Treasury Market Operations