This workflow handles rule-based ledger entry and reconciliation. It focuses on 3 steps: 1. Application of general rules in our data. Examples are: we know specific records or categories should never be modified, therefore these need to be excluded from any adjustments or certain combinations of codes in our ledger data bank are invalid: these need to be updated. This is handled in our first step, taking into consideration of the guidelines already established in our financial institution. 2. Filtering of records: We take our prepared data in the first step and filter down all records that should be reconciled based in the information provided by another department. 3. Adjusting values: The worfklow maps the filtered down data table into an adjustment table and calculates the correct adjustment values. The highlights of this workflow are that it can: 1. Access data from multiple sources 2. Apply rules and definitions automatically 3. Adjust values based on an adjustment table 4. Provide a range of deployment methods
Used extensions & nodes
Created with KNIME Analytics Platform version 4.4.2
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