The New Normal has changed the way we work and live. It has tested the processes, systems and controls that financial institutions used for years, especially in the back-office. Manual processes are more of a hindrance than ever before.
One back-office function that is highly critical but often very manual is reconciliation. Many financial institutions had to conduct their quarter-end close activities ̶̶ including reconciliation ̶̶ in a remote setting for the first time. While manual reconciliation processes conducted in an office are already highly susceptible to errors and inefficiencies, these activities in a remote setting can lead to irreversible mistakes and weaken the internal controls structure.
Join our webinar, where we’ll discuss:
The current market trends in reconciliation
Why many financial institutions are digitally transforming their back office functions with a focus on reconciliation
The need for automation “now”
How you can generate efficiencies in the short term and plan for future growth by automating reconciliation