Ambit Financial Governance
Ambit Financial Governance provides a comprehensive workflow-based approach to managing period-end financial governance from reconciliation to the certification of general ledger (GL) accounts prior to closing and regulatory filing. By using automation throughout the financial close lifecycle, finance departments can reduce risk, increase accuracy, and free up time and resources to focus on value-added strategic business activities.
Ambit Financial Governance delivers end-to-end financial period-end close management capabilities that provide:
Comprehensive Reconciliation: Increasing Operational Efficiency
- Comprehensive account proofing and exception identification
- Flexible match rules engine for any account type
- Simple, online access to secure documentation storage
Workflow Engine: Meeting Regulatory Compliance
- Escalation, assignment and notification of governance based tasks
- Automate sign-off activities to reduce duplication of effort
- Ensure best practice adherence to regulatory requirements (IFRS, SOX, Turnbull, JSOX)
Checklist Management: Ensuring Compliance and Standards
- Transaction and account level checklists for tracking task completion
- Checklists are assigned by specific user roles providing personalized tasks
- Positive and negative attestation capability
Role Based Dashboards: Enhancing Process Visibility
- Customizable dashboards and reports by role
- Alerts and status of all tasks, key controls, issues and accounts
- Balance and transaction threshold alerting
Ambit Financial Governance is integrated with Ambit Reconciliation and is able to combine reconciliation and account control / close process for automated account certification. The solution is designed to address both external regulatory requirements such as Sarbanes Oxley (SOX) and International Center for Financial Regulation as well as internal compliance initiatives.
SunGard’s Ambit reconciliation solution helps manage complex real-time confirmation matching and reconciliation across all lines of business, including nostro reconciliation, ATM reconciliation and more. Ambit software suite provides comprehensive solutions to corporate banks. Ambit’s treasury management systems provide front-to-bank office treasury solutions that help banks improve cash, risk and liquidity management. And Ambit’s lease management software provides a comprehensive leasing system that helps banks manage products, partners and applications more effectively.