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What is T-Recs?

Accurately reconciling accounts and identifying the causes of missing funds before the release of financial statements can be a challenging endeavor, especially when spreadsheets are a part of the process. The steps involved in reconciliation can often be tedious, and spreadsheets are frequently unwieldy, prone to mistakes, lacking in security, difficult to verify, and can lead to inconsistent processing. Additionally, the current regulatory environment, heavily shaped by compliance requirements like Sarbanes-Oxley (SOX) and other regulations, places an increased emphasis on internal controls, data protection, and the efficiency of processes. As a result, unnoticed errors and insufficient compliance in reconciliation can quickly lead to serious consequences for organizations. To tackle these issues effectively, T-Recs by Trintech offers a robust control framework that facilitates daily, monthly, and periodic reconciliation tasks, thereby ensuring both accuracy and efficiency. This innovative solution not only aims to reduce risks but also significantly improves the reliability of financial reporting, making it an essential tool for any organization striving to maintain compliance and accuracy in their financial practices. By implementing such advanced technologies, businesses can better navigate the complexities of financial reconciliation and enhance their overall operational integrity.

What is LayerNext?

LayerNext is a cutting-edge financial operations platform tailored for mid-market and enterprise finance teams, utilizing AI technology to optimize and simplify processes. By enhancing tasks such as accounts payable, bank reconciliation, and financial reporting, it effectively operates across various environments, including cloud, desktop, legacy, and customized systems. The platform's accounts payable features adeptly manage invoice data, aligning it with corresponding purchase orders and receipts, ensuring smooth approval routing, and accurately posting verified entries into an ERP system. Moreover, reconciliation agents systematically compare transactions against bank data or uploaded statements, while detailed reporting workflows gather financial insights from multiple connected sources. Users are empowered to personalize business rules, create approval chains, set tolerances, and oversee exception handling, ensuring a tailored experience. Human oversight remains a priority through organized approval steps and validation checks, with comprehensive activity logs available for auditing purposes. Even for organizations without API capabilities, agents can efficiently operate through the application interface. LayerNext proves especially advantageous for businesses facing complex finance workflows, high transaction volumes, or those reliant on legacy systems, ultimately driving improvements in operational efficiency and accuracy in financial management. Its adaptability and integration capabilities further establish it as an essential tool for contemporary finance teams, fostering a more streamlined financial process.

Media

Media

Integrations Supported

Trintech

Integrations Supported

Epicor Eagle
FieldServio
FreshBooks
Microsoft Dynamics 365
NetSuite
QuickBooks Online
Xero

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

299
Enterprise pricing includes an implementation fee and a recurring subscription tailored to automation scope and transaction volume.

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac

Supported Platforms

SaaS
Android
iPhone
Windows
Mac
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

Trintech

Company Website

www.trintech.com/brochure/t-recs-brochure/

Company Facts

Organization Name

LayerNext Inc.

Date Founded

2022

Company Location

United States

Company Website

www.layernext.ai

Categories and Features

Reconciliation

Not specified

Categories and Features

Accounts Payable

Approval Process Control
Bank Reconciliation
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management

AI Accounting Agents

Not specified

AI Finance

Not specified

AP Automation

Not specified

Reconciliation

Not specified

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