Infor CloudSuite ERP, developed by Infor, is a versatile cloud-based solution designed to streamline business processes. It integrates advanced analytics for valuable insights, aiming to optimize processes and support strategic decision-making. Recognized for its user-friendly interface, it helps organizations achieve operational excellence in diverse industries.
Enterprise Resource Planning (ERP) assumes a pivotal role within organizations. Infor CloudSuite stands out as a widely embraced ERP solution. However, keeping track is paramount, as instances may arise where data is inaccurately recorded in the software. Maintaining a meticulous audit trail becomes imperative to effectively track and rectify any such discrepancies, thereby upholding the integrity and reliability of the ERP system.
Cointab reconciliation software facilitates a streamlined reconciliation process, providing businesses with an effective tool to ensure the miscalculations that might be present. It serves as a valuable resource in identifying and addressing any miscalculations, fostering transparency and accuracy within the company’s financial operations.
Reconciliation of Infor Cloudsuite ERP software results:
ERP with Website:
Found and Reconciled with Website Report:
The transactions occurred and were reconciled in both the website report as well in the ERP report.
Less Amount Recorded in Website Report:
The amount recorded in the website report is seen to be less compared to the ERP report.
More Amount Recorded in Website Report:
The amount found in the website report is seen to be more compared to the ERP report.
Not Found in Website Report:
Transactions are present in the ERP report but are not present in the Website report
Cancelled Transactions:
Transactions are present in the ERP report but are cancelled.
Website with ERP:
Found and Reconciled with ERP:
In the above case, the transactions are identified and reconciled in reports generated from both the website and the ERP system.
Less Amount Recorded in ERP:
In the above scenario, the amount mentioned in the ERP report is seen to be less compared to the Website report.
More Amount Recorded in ERP:
In the above case, the amount recorded in the ERP report is seen to be less compared to the Website report.
Not Found in ERP:
The transactions are not found in the ERP report but are present in the website report.
Cancelled Transactions:
Transactions present in the website reports have been cancelled.
ERP with Payment Gateway:
Found and Reconciled with Payment Gateway Report:
The transactions are identified and reconciled in both the payment gateway reports and also in the ERP reports.
Less Amount Recorded in Payment Gateway:
In this case, the payment gateway transactions have less amount compared to the ERP reports.
More Amount Recorded in Payment Gateway:
In this case, the payment gateway transactions have more amount compared to the ERP reports.
Not Found in Payment Gateway:
Transactions in ERP reports are not found in payment gateway reports.
Cancelled Transactions:
The transactions are present in the ERP reports but are cancelled.
Payment Gateway with ERP:
Found and Reconciled with ERP:
The transactions are found and reconciled in both ERP reports and payment gateway reports.
Less Amount Recorded in ERP:
The transaction amount, as observed, is seen to be less in the ERP reports in contrast to the payment gateway reports
More Amount Recorded in ERP:
The transaction amount, as observed, is higher in the ERP reports in contrast to the payment gateway reports.
Not Found in ERP:
Transactions appear in payment gateway reports but are not detected in ERP reports.
Cancelled Transactions:
Transactions present in payment gateway reports are cancelled, from the customer’s end.
Cointab reconciliation software represents a significant advancement in simplifying the reconciliation process. It facilitates effortless transaction reconciliation with its user-friendly interface and cutting-edge technology. The software ensures accurate results through a straightforward process involving data uploading and the creation of customized workflows. Offering a comprehensive 360-degree view of results, enables in-depth analysis, providing valuable insights for informed decision-making within your company.
