The new product was built on the Oracle Fusion Cloud Enterprise Performance Management. Fusion is Oracle’s higher end ERP platform. Reconciliation joins Analytics Warehouse and NetSuite Planning and Budgeting, products built on the Oracle technology and integrates with NetSuite, which leads to a Hmmmm as that practice expands. The new product automates reconciliation for AP, AR, bank and credit card transactions, prepaid accounts, accruals and fixed assets accounts, intercompany transactions and other balance sheet accounts. Oracle NetSuite says Reconciliation provides enhanced internal controls and compliance and organizations can use dashboards to strengthen internal financial controls, produce more accurate financial statements, and drive a faster close. The system includes 20 prebuilt templates and formats and a transaction matching engine, along with a secure document repository.