ACCELERATE DAILY BANK RECONCILIATION WITH AUTOMATED MATCHING
iTANZ Finance on Oracle NetSuite reduces repetitive matching work by automatically clearing routine transactions and isolating only the items that require finance review.
Best fit for: Finance controllers, treasury teams, shared services, councils, utilities and organisations processing high daily transaction volumes.
WORKFLOW STAGES
- 1. BANK STATEMENT
- 2. AUTO-MATCH
- 3. EXCEPTION WORKLIST
- 4. MANY-TO-ONE RESOLUTION
- 5. SIGN-OFF
BUSINESS CHALLENGE
Daily bank reconciliation becomes slow and error-prone when finance teams manually compare every system transaction with every bank line. Consolidated bank payments, fees, direct credits and timing differences make the process even harder to control.
HOW ITANZ AND ORACLE NETSUITE ADDRESS IT
The finance team imports the prior-day bank statement into iTANZ Finance. Oracle NetSuite matches routine transactions using available reference information, locks cleared items and presents unmatched transactions in a dedicated exception worklist. Finance users can then resolve grouped payments, fees and other exceptions before final sign-off.
HOW THE WORKFLOW RUNS
- 1
Import the bank statement
Load the prior-day statement in the supported bank format into iTANZ Finance.
- 2
Automatically match routine transactions
Use amount, date and reference information to clear transactions that meet the configured matching rules.
- 3
Surface genuine exceptions
Present unmatched lines, bank fees, direct credits, timing differences and consolidated payments in a dedicated worklist.
- 4
Resolve many-to-one and manual matches
Allow the finance user to select multiple system transactions and reconcile them against one consolidated bank line, with value validation.
- 5
Finalise and sign off
Confirm that the cleared balance agrees with the bank statement closing balance and retain the reconciliation history for review.
BUSINESS OUTCOMES
Reduce repetitive matching
Allow automation to clear routine items before finance begins exception review.
Structured exception handling
Keep unresolved items visible in a controlled worklist rather than offline spreadsheets.
Support complex matches
Resolve consolidated payments and many-to-one scenarios with validated totals.
Audit-ready reconciliation
Record the user, date and matching method for completed reconciliation activity.
READY TO CONNECT FINANCE AND OPERATIONS ON ORACLE NETSUITE?
Talk with iTANZ about how this workflow could apply to your organisation, and where connected processes would remove the most manual effort.
MORE USE CASES
Supported solution scenarios from the iTANZ demonstration environment. They are not customer case studies and carry no quantified performance claims.