Manual balancing-the process of controlling for accurate, consistent data-is a complex, error-prone art.  With ever-increasing volumes of data distributed across complex computing applications and without the luxury of time for lengthy checking and re-checking, how can you have 100 percent confidence in the data that supports your decisions?

Ensure Accurate Data - Across Applications and Platforms

To ensure the accuracy of data it must be audited through retrieval and analysis using tolerances, percentages or absolute values.  Control total balancing must be performed to ensure data from one application is properly applied to another, whether the application is on the same platform or another. 

The Audit and Balancing System is a data-quality control solution that helps companies ensure the validity and accuracy of financial reports on a near real-time basis, catching errors prior to consolidation using audit, balancing and reconciliation rules.  It streamlines the reconciliation process, detecting potentially costly errors, increasing productivity and delivering accurate data and peace of mind.

The Audit and Balancing System may be used to verify data within and between any application on any platform including financial, inventory, human resources and supply chain.  And it can work without modifying the applications it is monitoring - simplifying installation, usage and maintaining application integrity.

Ensuring accuracy of spreadsheet data can be difficult and time consuming.  The solution is to automate spreadsheet management.  ABS for Spreadsheet Compliance centralizes and manages the lifecycle of enterprise spreadsheets providing versioning, security and an audit trail.  It reduces the risk of errors and restores confidence in financial reporting by ensuring that spreadsheets are used correctly and managed responsibly.

For hospitals and healthcare organization Mobius provides ViewDirect for Revenue Cycle Management.  ViewDirect for Revenue Cycle Management automates the reconciliation of ancillary charge masters (price lists), with the core patient accounting system charge master and/or central billing system. It ensures catching and correcting invalid procedure codes that could be costing your organization hundreds of thousands of dollars in lost revenue.