Many organisations deploy a General Ledger system, such as SAP, Oracle, SmartStream or Exact Software, to process their financial records. The General Ledger is the firm’s central repository where all accounting transactions are posted in a double entry system using debits and credits for each individual transaction.
To make sure all correct market data invoices and associated market data cost are processed in the company’s General Ledger system and to avoid double manual entry, INFOmatch incorporates the Journal Extraction interface for General Ledger.
INFOmatch Journal Extraction interface for General Ledger
The INFOmatch Journal Extraction interface for General Ledger generates journals with up-to-date allocated cost on a per-user basis in INFOmatch, which are automatically transferred to your General Ledger system. This gives ‘Accounting’ immediate detailed insight in the market data cost per cost centre, thereby supporting better internal cost tracking and cost control.
General Ledger interfaces reduce the workload of the market data administrator and Accounting department dramatically by automating data entry into the General Ledger.
Download the full fact sheet explaining the INFOmatch Journal Extraction interface for General Ledger >>