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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Ledge is a finance operations platform driven by AI, aimed at assisting finance teams in streamlining and expediting their month-end closing processes and managing high-volume operational tasks. Instead of relying on spreadsheets for each cycle, Ledge’s smart agents take the initiative to automatically fill in reconciliations, journal entries, cash application matches, and working papers by utilizing data from interconnected bank, ERP, billing, and payment processing systems, ensuring that when your team accesses the checklist, a significant portion of the groundwork is already laid. It enables ongoing account reconciliation, daily cash application, and features a close checklist that functions like an intelligent workbench; pre-completed tasks simplify the process, exceptions are highlighted, approvals are monitored, and audit trails connect every item back to the original transactions. Consequently, finance teams can transition from a reactive, last-minute rush at the end of the month to a more proactive and insightful review process that is context-rich, robust in controls, satisfying for auditors, and conducive to timely decision-making. This shift not only enhances efficiency but also contributes to a more strategic approach to finance management.

Description

Relying on manual methods for bank reconciliation can be inefficient, especially when dealing with a large number of accounts across various banks. QX QuickReco simplifies this process by automatically importing data and facilitating the matching of transactions to enhance the efficiency of reconciliation. The platform aligns information from general ledger files with bank statement reports, performing automatic matches while also accommodating adjustments for any hidden transactions, like bank fees or charges. Users can conveniently set up and manage multiple accounts from the same financial institution or from different banks. Additionally, the system allows for the integration of newly established accounts, enabling the import of thousands of records from bank statements and bank books for seamless automatic reconciliation. It is also straightforward to enter adjustment entries for payments that do not correspond with invoices. Furthermore, entries can be categorized based on their matching status—whether they were auto-matched, manually matched, or adjusted—providing clarity and organization throughout the reconciliation process. This comprehensive solution ultimately enhances accuracy and saves valuable time for financial professionals.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Adyen Yes 
Amazon Redshift Yes 
Braintree Yes 
Checkout.com Yes 
DocumentIQ Yes 
Evolve Yes 
Google Cloud BigQuery Yes 
Google Sheets Yes 
J.P.Morgan Workplace Solutions Yes 
JMP Statistical Software Yes 
Microsoft Excel Yes 
NetSuite Yes 
PayPal Yes 
Recurly Yes 
Sage 100 Yes 
Salesforce Agentforce Revenue Management Yes 
Silicon Valley Bank (SVB) Yes 
Stripe Billing Yes 
Wells Fargo Business Checking Yes 
Zuora Yes 

Integrations

Adyen No 
Amazon Redshift No 
Braintree No 
Checkout.com No 
DocumentIQ No 
Evolve No 
Google Cloud BigQuery No 
Google Sheets No 
J.P.Morgan Workplace Solutions No 
JMP Statistical Software No 
Microsoft Excel No 
NetSuite No 
PayPal No 
Recurly No 
Sage 100 No 
Salesforce Agentforce Revenue Management No 
Silicon Valley Bank (SVB) No 
Stripe Billing No 
Wells Fargo Business Checking No 
Zuora No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Ledge

Founded

2022

Country

United States

Website

www.ledge.co

Vendor Details

Company Name

QX Global

Country

United Kingdom

Website

qxglobalgroup.com/product/bank-reconciliation-system/

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