[AR] What to Expect

[AR] A single source of truth for all your financial operations. Automate accounting and settlements, and fully delegate your regulatory compliance and Bank Al-Maghrib reporting.

[AR] Key features:

[AR] Regulatory compliance: Built-in tools for meeting Moroccan Central Bank requirements.

  • [AR] Bank Al-Maghrib reporting:Auto-generated regulatory reports — cash flow statements, balance sheets, and transaction archives in BAM-compliant formats

  • [AR] Escrow and safeguarding:Management and tracking of safeguarded client funds, critical for licensing obligations

  • [AR] Multi-currency account management : Manage and reconcile accounts in multiple currencies, simplifying international operations and foreign exchange handling

  • [AR] Automated general ledger (GL) postings : Transactions are automatically mapped and posted to a double-entry ledger in real time, eliminating manual errors and speeding up month-end close

  • [AR] Bank Al-Maghrib compliant reporting : Instant generation of required regulatory reports — cash flow statements, balance sheets, and transaction archives, specifically formatted to meet the Moroccan Central Bank's strict reporting standards

  • [AR] Escrow and safeguarding management : Tools to manage and track safeguarded client funds, critical for meeting licensing obligations

  • [AR] Simplified reconciliation : Automated matching of transactions, settlements, and bank statements, drastically reducing operational overhead

[AR] Accounting & Settlement - illustration 1
[AR] Accounting & Settlement - illustration 2