Chesapeake System Solutions has announced that health care company Aetna has selected T-Recs Enterprise solution to automate reconciliation of its global accounts. T-Recs Enterprise, which stands for Total Reconciliation Solution, is an all-in-one software application that the company claims allows firms to reconcile the entire balance sheet and meet their financial governance, enterprise risk and compliance needs in an integrated solution. Ken McClellan, project manager on AIS corporate program delivery, says, “Through acquisitions, Aetna’s treasury operations unit became responsible for several foreign currency accounts that staff could only reconcile with manual conversions to US dollars. Aetna needed a system with a global monetary unit capability to automate foreign account reconciliation.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.