Video: The Financial Control Agenda in Banking
Transparent, up-to-date and accurate financial data is not just essential for regulators or auditors, but it is increasingly an important tool for the executive branch to shape corporate strategy.
As a result, financial control is increasingly under pressure to provide more accurate reporting, reduce the timelines for the month end close process and outsource operations thus reducing oversight.
Reconciliations form the foundation of a tightly controlled finance or operations department in any firm and many are faced with the challenge of monitoring the status of the financial control process in real time. However, the process for doing so is often far from perfect.
Video Taken from our Live Webinar
We discussed how AutoRek can provide a robust control framework, underpinned by transparency of data, good governance and a comprehensive audit trail. By disaggregating data down to its most granular level and then validating that data through a series of enrichment processes we can build a golden source of data that can be surfaced through tailored and bespoke dashboards to meet the needs of the modern Financial Controller.