We are a UK based consultancy delivering best-in-class Close & Consolidation solutions.

A huge part of a fast and quality close is Account Reconciliation.

Account Reconciliation is a key control step to ensure the completeness and accuracy of all financial statements. It should be a straightforward part of your close, but that is not always the case. With a manual process, discrepancies may occur when reconciling. These can be caused by a variety of factors including timing differences, missing transactions, or mistakes down to human error.


In a single company, whilst there is risk, it can be managed when the accounts reconciliation process is at arm’s length. But what about a global group with different accounting practices, different cultures and different ERP solutions in the mix? All you can see is risk.

So how do you mitigate that risk? Just as a financial consolidation solution brings the books of all the companies in a group into one central place, there is software that does the same for critical bank and balance sheet account reconciliations. Imagine being able to review all key account reconciliations in one group, in one place. Aside from risk mitigation, it means the CFO gets to sleep at night and simplifies the Group audit. Imagine further that this account reconciliation software is on the same platform as your consolidation and planning solution.

An advanced Account Reconciliation solution will help you address several challenges. For a start, it will remove manual, labour-intensive activity. For many, account reconciliation is also steeped in errors due to factors such as decentralised data, segregation of duties, incorrect postings, and a lack of control. There are often time pressures involved in the account reconciliation process which adds a further vulnerability.

Key Features

An advanced solution takes away these challenges due to the incorporation of several features. Below we list some of these key features to look for:

Instant transparency into the state of the close

This is something that you should be able to view as and when you wish

Real-time view

This gives contributors an idea of what has been completed and what still needs to be reconciled

Separates duties and enforces signoffs

Ensure no account goes unvetted or unapproved

Risk Rules

Rules that can alter the workflow to ensure higher risk accounts have a risk rating and therefore require greater levels of approval

Carry Forward Rules

Accelerate the process by rolling over the open items from previous reconciliations

Intercompany Matching

The recording of transactions between affiliated companies where they are matched between reporting units

Reporting Capabilities

The generation of audit reports automatically

Process Monitoring

Monitor your exposure and check the status of the reconciliation process: reconciled, reviewed and approved, late and work-in-progress

Email Notifications

Reminders for upcoming due dates and tasks status changes will be emailed to the assigned user

Provide Notes, Comments, and Attachments

Attach reconciliation proof and confirm the accuracy of all essential account trial balances

CCH® Tagetik

One of HAYNE’s trusted vendors, CCH® Tagetik, offer Account Reconciliation as part of their CPM solution.

CCH Tagetik Account Reconciliation creates consistency across all accounts by harmonising data company-wide and standardising methodologies.

Their Account Reconciliation solution can be quickly implemented to help accelerate your close. This allows Close & Consolidation, Planning, Reporting and Disclosure to be unified into one solution.

The result is an accelerated close, increased planning agility, and empowered decision making ability.

Screen shot of CCH Tagetik, an integrated corporate performance management software.

Why choose HAYNE Solutions?

HAYNE are trusted UK CCH® Tagetik Partners with a proven ability in delivering best-in-class solutions


Our reputation is well-known for our dedication and expertise in delivering best-in-class Enterprise Financial & CPM Solutions – from implementation and licence management to upgrades, training, maintenance and support.

The combination of the HAYNE focus and the strength of CCH® Tagetik delivers results for our clients time and time again. We are certified CCH® Tagetik Developers and can support you with the planning, training and implementation of your CCH Tagetik solution.

We don’t just sell the software, we become your partner.

  • Leading UK Consultancy
  • CCH® Tagetik UK Partner
  • Proven best-in-class delivery
  • Trusted UK based support team
HAYNE solutions software services diagram
Diagram showing that HAYNE Solutions are CCH Tagetik Premium partners

A client case study

“We were looking for more than just the application, and we wanted the support that came with it which HAYNE was able to provide. Having a go-to person for any concerns gave us confidence and reassurance that we had selected the right support partner for us. The partnership with HAYNE allowed us to easily pivot and see what our solution would look like”.

John Chan – Finance Systems and Business Insight Manager

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What do our customers say?

At year end we have to publish 13 sets of annuals reports. This was a time consuming and manual task. Tagetik has now automated this task leading to a more timely review and less areas of error.

Jemma RedmondGroup Financial Systems Manager - Sureserve