T.I.M.: a smart, structured approach to matching journal entries

At PwC, we’re always looking for the best long-term solutions for our clients. One of the challenges for many of them is how to match open journal entries. If these aren’t matched, it can lead to the client’s accounts being contaminated. That can lead in turn to problems in closing the accounts, incorrect reporting, inaccurate credit limit calculations and, in extreme cases, even fines.

How does T.I.M. work?

The Intelligent Matcher (T.I.M.) is an algorithm created by PwC to match debit and credit entries. Search criteria for matching are defined in advance, and then enhanced on the basis of the data collected. Without any manual intervention being necessary, T.I.M. automatically collects and matches the correct debit and credit entries. The algorithm is faster and more accurate than manual searching. To run T.I.M., data must be collected and rules for matching must be defined. A report is generated with data that is immediately ready to be linked to the customer's financial system for clearing.
T.I.M. provides a smart, fast, and automated solution to the problem of non-matched journal entries.