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.