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description of functionality

Financial accounting and balancing

Financial control, accounting and summary information for all transactions is collected and managed through the Financial Transactions Reconciliation (FTR) system.

FTR accumulates all financial transactions and returns for a given business/return date at source, branch, department, agent and organisation level. Rules are set up in FTR to determine the levels to accumulate to. The FTR system also allows postings to be compared at different levels between the core systems and FTR to highlight misbalances.

The system can also provide feeds to other external third party systems, including general ledger systems.