Reconciliation in Grantee
Management 
Use
Reconciliation is the process of comparing values between two components of a system to verify that values reflecting the results of transactions that affect both components are equal. The Public Sector Management solution includes a tool specially developed for this purpose.
Features
● The reconciliation tool allows you to define reconciliation rules as equations with operands. You combine the operands, called data slices, by defining the criteria a Data Provider can use to determine a value for that operand at a given point in time. When a reconciliation rule is processed, the Data Provider determines the value of each data slice used as an operand in the equation. The reconciliation is successful if the equation balances.
The reconciliation most commonly carried out with this tool is between data from Funds Management (FM) and data from the Budgetary Ledger (BL).
● A batch job is usually scheduled to check the reconciliation rules on a regular basis. An email notification is sent to a specified recipient if a rule is found to be out of balance.
● The reconciliation tool provides drilldown and item-level matching features to help you identify items that do not reconcile.