Detect Data Trouble to Reduce Costly Errors

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Audit and Balance System is an automated enterprise content and data matching, validation and reconciliation quality control software product. It automatically examines, detects and informs users of potentially costly data inaccuracies.

Audit and Balance System helps organizations reduce time, money and errors associated with manual data matching and balancing processes. It translates and automates the logic of manual data matching and balancing rules that determine whether key data elements satisfy established criteria for reliability.

The arrival of a data item, such as a document in the repository, a transaction in a line of business application, or a file transfer, triggers the matching and balancing process. When an out-of-balance condition is detected, Audit and Balance System locates the transaction or item that is in error and performs the appropriate action; actions may include sending an e-mail to the appropriate person, raising an exception to a production process, logging the anomaly, or initiating a business process using workflow. It also provides a complete audit trail that documents correct and incorrect conditions.

Automates Data Matching and Validation Process
  • Automates data matching and balancing rules that describe which data elements are captured and how they should compare with other information in the same or other reports.
  • Provides an easy-to-use interface for quickly defining and modifying matching rules based on arithmetic or Boolean operators.
  • Enables line-item reconciliation, in which data is extracted from two sources and compared to reconcile any discrepancies.
  • Performs spot audits that retrieve and analyze data using tolerances, percentages, or absolute values.
  • Performs control-total balancing to build a database of items extracted from various sources to ensure that data from one application is properly applied to another.
  • Performs file and line-item verification to ensure that all expected output components of a process have been created, and were created exactly once.
  • Identifies errors before processing by preventing incorrect data from one program execution or application from corrupting the processing of another.
  • Provides a powerful cycle facility to compare data from different periods.