Built to reconcile balance sheet accounts in a single day, Rway proffers its solutions through five main reports— Accounts Payable (AP), Accounts Receivable (AR), Cash Management (CE), Inventory and Fixed Assets (FA). In addition to reviewing factual errors and omissions, Rway’s products are designed to trace the origin of discrepancies, issue alerts in case of mismatches in bank statements, and offer SOX compliance for ledgers. The reports are presented in Excel in What You See Is What You Get (WYSIWYG) format to ensure that the information in a client’s Oracle EBS is replicated accurately. The users benefit from Rway’s real time input/output, and automated reports facilitated by the standard Oracle EBS Interface. “Our technology enables us in processing big volumes of data in reasonable time and the final output is a single binary excel file with multiple worksheets that provides both summary and detail information levels,” elaborates Orit Birman, Co- Founder, Rway Applications.
Our reconciliation tool ensures the completion of month end closing procedures in one business day
Driven by the ideology to make workflows lean and efficient, the team at Rway believes in “doing it right the first time.” The firm is currently observing the workflow patterns that run in companies with respect to Oracle EBS to discover new loopholes and improve flow-efficiency by developing and implementing new solutions. Moving ahead, Rway has plans to develop a holistic package that would address all the reporting needs of an end-user with regards to Oracle-based systems. “With Rway applications businesses get a piece of mind that their reported figures are accurate while saving up to 4 business days a month,” concludes Atar.