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What is RecWise?

To begin a reconciliation process, one should first compare the closing balance of the General Ledger with the sub-ledger and other relevant documents, including bank statements or records from third parties. Any inconsistencies found between these sources must be carefully examined, quantified, and rectified when possible through appropriate adjustments in either the general ledger or sub-ledger. It is also crucial to record any discrepancies as reconciling items to ensure transparency in the process. Ultimately, the balances should correspond precisely and be backed by all relevant documentation associated with the reconciliation effort. The review phase is vital for validating the thoroughness of the reconciliation, and adding an extra layer of approval can further bolster confidence in its correctness. Additionally, creating a solid framework alongside a standardized procedure can greatly enhance the efficiency and streamlining of the reconciliation process at the end of each month. This practice not only promotes uniformity but also helps in early detection of potential issues within the cycle. By implementing such measures, organizations can ensure a more reliable financial reporting process moving forward.

What is Microsoft Purview Audit?

Evaluate the severity of any security breach while thoroughly examining audit logs to support investigative efforts. Utilize these logs effectively to gain valuable insights and enhance the evaluation of the breach. In addition, implement a flexible bandwidth allocation to ensure you can readily access vital auditing data. This will assist in investigations by providing critical information about events, including the timing of email interactions such as openings, responses, and forwards, along with user activity on platforms like Exchange Online and SharePoint Online. It’s essential to create customized audit log retention policies that cater to the specific services involved, the types of activities being monitored, or the identities of the users engaged in those activities. Organizations typically start with a default capacity of 2,000 requests per minute, which can be adjusted based on user seats and the licensing agreements in place. Furthermore, with the right additional licensing, audit logs can be archived for periods extending up to 10 years, promoting thorough documentation practices. By adopting this comprehensive strategy, organizations significantly improve their capacity to manage security incidents and conduct detailed investigations when required, ultimately strengthening their overall security posture.

Media

Media

Integrations Supported

Microsoft 365
Microsoft Entra ID
Microsoft Exchange
Microsoft OneDrive
Microsoft Purview
Microsoft Purview Compliance Manager
Microsoft Purview Data Loss Prevention
Microsoft Purview Information Protection
Microsoft SharePoint
Microsoft Teams
Windows 365

Integrations Supported

Microsoft 365
Microsoft Entra ID
Microsoft Exchange
Microsoft OneDrive
Microsoft Purview
Microsoft Purview Compliance Manager
Microsoft Purview Data Loss Prevention
Microsoft Purview Information Protection
Microsoft SharePoint
Microsoft Teams
Windows 365

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$12 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RecWise

Date Founded

2017

Company Location

Australia

Company Website

www.recwise.com

Company Facts

Organization Name

Microsoft

Date Founded

1975

Company Location

United States

Company Website

www.microsoft.com/en-us/security/business/risk-management/microsoft-purview-audit

Categories and Features

Audit

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

Categories and Features

Audit

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

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