Break Management : Fast, Tailored, & Automated
Classify, process, and resolve breaks on a single platform
Identify and resolve discrepancies
Financial discrepancies slow down processes, increase the risk of errors, and complicate financial closing. When handled manually, identifying and resolving them is time-consuming and resource-intensive. Automating discrepancy analysis and management speeds up resolution while reducing the risk of errors and fraud. A better approach to discrepancy management strengthens financial reporting accuracy and streamlines accounting operations.
By implementing effective controls and precise monitoring, companies can ensure reliable financial records and optimize cash flow management.
break management challenges
I have to reduce, process and justify a large number of accounting discrepancies to ensure the financial health of my business and compliance.
Your daily challenges
Adapted solutions
Justifying discrepancies in the event of an audit :
Knowing how to justify the source of the discrepancy, the source of the error and, if possible, rectifying it, following up with customers or looking for the right supporting documents.
Complete deviation identification process :
Automated identification and classification of deviations can be carried out daily, monthly or on an ongoing basis, so that you’re always ready in the event of an inspection.
Dealing with different types of deviation :
Not all deviations are of the same type, which makes solving them more complex. It is therefore necessary to know how to define the type of deviation before resolving it.
Automatic classification of deviations :
The Break management module allows you to automatically classify deviations according to their type (orphan, anomalous error, exception) in relation to rules that you define yourself.
Collaborate with different players :
This process of handling discrepancies involves different players in the control and validation process and even different departments looking for supporting documents.
Collaborative platform :
Differentiated roles, integrated chat by reconciliation account, attachments to explain a discrepancyn Several of the platform’s functions have been designed for both internal and external collaboration.
Meet deadlines :
Certain discrepancies must be resolved or justified within a given period to avoid slowing down the closing or to meet legal deadlines.
Deviation tracking tables :
Collaborative deviation resolution tool with an overview, tracking, assignments and personalised deadlines.
Automated break management for effortless resolution
The key advantages of a break management tool
Centralized management
Import, reconcile, and manage breaks in one place,making it easier to track actions and resolve anomalies.
Significant time savings
With automatic break detection and classification,your team can focus on analysis and resolution. Fraud detection, riskmanagement, and audit preparation become more efficient and effective.
Proactive and customizable processes
Tailor break classification rules inadvance. Analyze trends, detect patterns, and refine your processes to reducebreaks and improve accuracy over time.
Enhanced collaboration
Assign roles, permissions, and visibility levels forbetter teamwork. Use integrated chat channels per reconciliation account, addnotes, and attach supporting documents to financial statements or transactionlines for streamlined internal communication.
While break management is a highly specialized process, it’s a game changer forteams by improving data reliability, control processes, and precise tracking ofunresolved transactions.
Younes KESRAOUI
Expert Consulting Reconciliation, Calixys
