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Reconcilation of Oracle ERP entries in Cash Management



We are reconciling payables, receivables and cash management entries in the general ledger with bank and credit card statements in ARCS. Now we also have a requirement from the ERP side that these entries should aslo be reconciled in ERP as well for them to be marked as cleared and accounted. This leads to a duplciation of efforts as once transactions are reconciled in ARCS, we are exporting them as Bank Statements to be imported in Cash Management module of ERP for a second round of reconciliation.

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I want to understand what are the best practices around this and how we should ideally handle this scenario where CM, Payables and Receivables entries also have a reconcilition requirement in ERP for the entries to be accounted in the ledger after they are reconciled in ARCS.

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