Even though finance teams in most financial institutions are expected to be strategic, their usual responsibilities focused on accounting and reconciliation continue to me manual and time-consuming.
The month-end financial close is a never-ending ordeal for accounting, finance, treasury and operations professionals who must manually juggle multiple spread sheets and data sources. But some in the industry have found a solution to this expensive, inefficient process: automated reconciliation. Benefits include:
• 60-80% Efficiency Gains over manual processes
• 25% Cost Savings on audits by providing fully auditable, electronic access to accounts
• Reduced Write-offs due to workflow-driven exception identification, defined escalation steps, and detailed exposure analysis
• Fewer Errors compared to paper-based processes
Join Renata Sheyner, Senior Product Manager, Fiserv in this webinar and find out how automated reconciliation generates tangible results, freeing your team to focus on strategic projects.