Easily reconcile your logistics and accounting inventory.
Account & Inventory Reconciliation (AIR) developed by our Dutch Partner Cadran Consultancy enables you to automatically match journal entries and inventory transactions. This means that the balances of your suspense and inventory accounts are always up-to-date. AIR allows you to easily correct variances with just one click. You can even combine multiple accounts into a single reconciliation process and monitor more complex processes like validating intercompany transactions.
The included inventory reporting gives you an accurate view of your inventory by financial period. The built-in inventory integrity software supports an automated periodic integrity check, so you will know if your inventory is reliable, for both the quantities and the total value. You an also do ad-hoc inventory reporting. The AIR module contains four main functionalities:
The tool enables you to reduce the number of errors in your financial books. Just add your accounts to the list of accounts to reconcile, set the correct summary/sequencing fields to group transactions together and start reconciling. Or even better: reconcile automatically, for instance each night, weekend, month end or on demand.
The Account & Inventory Reconciliation module contains all you need to get a grip on your inventory reporting. Inventory Reconciliation matches the item ledger transaction with the GL transactions to identify discrepancies. Inventory Reporting accurately reports your inventory as of month-end (retroactively). Inventory Integrity validates your item balances and current value (quantity times cost).
Using the full power of the Account Reconciliation functionality, Inventory Reconciliation extends the general ledger transaction with the inventory transaction from your Item Ledger, allowing you to match the general ledger with inventory on the transaction level.
AIR contains an ‘Advanced Item As-Of’ reporting solution. Generate your inventory As-Of based on your inventory transactions (retroactively, as far back as needed) and review the results with the application. Review this by inventory account (the variance with your General Ledger is calculated automatically), by branch or drill down to item/lot/location level or even down to the individual transactions.
Redfaire is not just a supplier to us, but a strategic partner. Thanks to Redfaire’s outstanding support of our Oracle ERP system, and their technical know-how around Cloud, we have an extremely cost-effective and user-friendly ERP system.
We know that we are in safe hands and issues get resolved quickly and efficiently.
Developed with the JDE toolset, there is no need for additional servers or databases and your users benefit from the familiar look and feel of JD Edwards.
Data is stored in the same database as your other JD Edwards data and is automatically part of your data set. Your normal reporting tools can be used to create additional reports and software updates move from development all the way to production just like your other JD Edwards upgrades and modifications.
Use queries, personalized grids, watchlists, notifications and orchestrations as you see fit to enhance user experience and improve your processes even further.
Speed up your month-end processes with Account & Inventory Reconciliation.
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JD Edwards Release 26 delivers for the C-Suite and daily users alike. We were delighted to attend the Applications Unlimited tour and hear directly from Paul Houtkooper, Vice President of JD Edwards Product Development at Oracle, about the innovations already delivered and what is planned. A highlight of this release is that we see the JDE product team deliver on features that leverage the power of AI for real use cases.
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JD Edwards Release 26 delivers for the C-Suite and daily users alike. We were delighted to attend the Applications Unlimited tour and hear directly from Paul Houtkooper, Vice President of JD Edwards Product Development at Oracle, about the innovations already delivered and what is planned. A highlight of this release is that we see the JDE product team deliver on features that leverage the power of AI for real use cases.
In the latest JD Edwards podcast, Paul Houtkooper and Chandra Wobschall explore how Process Modeler helps organizations not only identify bottlenecks but also uncover the root causes behind them.
Earlier this month, Redfaire’s international partners came together in the Netherlands for their annual meeting—an energizing blend of strategic alignment, best practice sharing, and collaborative planning to drive global JD Edwards ERP success.
CIOs, CFOs and Application Managers, know that enterprise applications are at a tipping point. That's why Oracle AI World 2025, October 13-16 in Las Vegas, is not to be missed. It's more than just a conference; it's a window into the innovations shaping the future of business.
Join us at INFOCUS '25 in Denver, September 9th-11th. We'll be on booth 505 and delivering a range of sessions. We are proud to support this event and the US JD Edwards Community.
We are proud to sponsor and support the SERUG networking events. Save the date for some great Oracle and JD Edwards educational content and networking. See you there!
Take 45 minutes to learn about this game-changing insights and analysis tool for JD Edwards. Just ask a question or describe a challenge and the eyko reporting tool will scan all your systems, analyze the data and generate your game plan, including risks, recommendations, and KPIs.
Join Senior Consultants from Redfaire International as they take you through two powerful tools that enable Enterprise Automation - Process Modeler and Stateful Orchestrations.
Join our CTO, Barry Yelverton, and Snr. JD Edwards Consultant, Vincent Casagrande on February 27th to discover how we developed our fully integrated, real-time JD Edwards A/P Automation solution by leveraging the 9.2 toolset and AI-based OCR technology.