Altus Bank Reconciliation sparks excitement

Published: Thursday, 12 December 2019 at 10:52:00 AM

Altus Bank Reconciliation is IT Vision’s reimagining of the Bank Reconciliation process, providing mechanisms to automate repetitive tasks and ensure that reconciliations are completed quickly and accurately. The product leverages the upcoming functionality of Altus Financials, whilst integrating with existing SynergySoft General Ledger installations.

The Shire of Chittering, Shire of Coorow and Diamantina Shire Council are all currently live with Altus Bank Reconciliation.

Case Study: Diamantina go live with Altus Bank Reconciliation

Since first becoming an IT Vision customer in early 2018, Diamantina Shire Council has built a strong working relationship with IT Vision, with the Shire inviting IT Vision consultants to the famous Bedourie Camel Races on one of their recent site visits! Diamantina Shire Council went live with Altus Bank Reconciliation on 18 September 2019.

The go live experience was well-planned and executed, following a four-stage rollout approach:

1. Customer Readiness – includes preimplementation checks and understanding the customer’s business processes.
2. Implementation – includes Altus Bank Reconciliation configuration (defining user access and permissions) and Altus Connect configuration.
3. Onboarding and Training – includes online training with the Finance team, identifying unreconciled items, onboarding bank accounts and importing bank data.
4. Customer Success – ensuring there are post-live touch points between customer and IT Vision, avenues for regular customer feedback and providing supporting material.

Eliza Sbizzirri (Team Lead – Finance and Operational Services, IT Vision) said it was a pleasure to work with Diamantina Shire Council as an early adopter of Altus Bank Reconciliation.

“This partnership confirmed the tangible benefits the product can add to an organisation’s business processes, both from an end user and management perspective. It has also helped clarify our focus and priorities for future development and enhancements on our strategic product roadmap.”

Cassie White (Deputy Chief Executive Officer, Diamantina Shire Council) said Altus Bank Reconciliation has provided the Shire with greater productivity and assurance in their processing.

“Having the ability to import our Bank Statement and have the receipt and payment details available at time of reconciliation, without manual entry, has given us
confidence with the reconciliation process and has delivered enormous time savings. There are some minor tweaks we would like to see developed over the coming months, such as integrated receipting and creditor payments, minor modifications to the way transactions are grouped and matching selections are made, but on the whole, it’s fantastic.”

“My favourite features include the ability to add notes and attachments to the transaction incredibly easily, simply through a drag and drop feature reducing the need for printing and filing along with the online security and approval process which encompasses the segregation of duties for governance compliance.”

“I am excited to be on the Altus journey and look forward to seeing the development of the Altus products in the coming years.”

To learn more about Altus Bank Reconciliation and what you can do to get ‘ready’, speak with your Account Manager to arrange a project overview discussion and demonstration with a Consultant.

Learn about our latest updates to the Altus platform, case studies from Diamantina Shire Council, Kempsey Shire Council and Bellingen Shire Council as well as our strategic partnerships in the IT Vision December Newsletter.

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