CrossTie™
If your back-office accounting, audit, and closing processes are mired in laborious and error-prone cross referencing of printed reports, spreadsheets, and manual calculations every month, then you need our CrossTie™ General Ledger Connector. CrossTie™, with our chart of accounts mapping module, can be integrated with all major enterprise G/L systems.

CrossTie™


Overview






  • CrossTie™ receives data from the InterAct™ Data Warehouse and creates general journal entries to be posted to a corporate accounting systems general ledger.
  • Created by using a series of flexible driver tables that require only a one-time setup. A system generated reference number is linked to a complete general ledger entry to help with reconciliation. Additionally, a suspense file is kept for unbalanced entries.
  • Detailed journal entries are created based upon a set-up table that defines the debits and credits of each transaction.
  • Handles transactions that have either a traded or settled status.
  • Handles reversals.
  • Created by using a series of flexible driver tables that require only a one-time setup. A System generated reference number is linked to a complete general ledger entry, giving the capability for quick macro scale reconciliation. In addition, a suspense file is kept for unbalanced entries.
  • Transactions are summarized based on individual client’s selection criteria. The upload file is then generated and custom-scheduled for times entries, determined by periods, account, portfolio and accounting basis.
  • Obtains data from a variety of financial management systems via our powerful and flexible data warehouse solution – InterAct.
  • Integrated with leading investment reporting, asset management, trust accounting, and analytic services.
  • Draws out transactions, holdings, cash positions, and other desired data elements that are then balanced, audited, and reviewed.
  • Powerful general ledger chart of accounts mapping tools available giving you the ability to store your own specific information in a unique set-up table.
  • Processes transactions and correlates them to the established general ledger chart of accounts per the organizations’ defined financial management policies.
  • Reduces and then eliminates all laborious, costly, and error-prone manual intervention and processing.
  • Data elements are summarized and exported ready to be submitted to any general ledger platform. Journal entries can be posted to your corporate ledger daily, monthly or upon any other pre-defined frequency.

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