At a time when organisations are faced with continued economic and regulatory challenges, data integrity is paramount. Increased operational efficiency, risk mitigation and data transparency are needed to tackle ever increasing data volumes and enhanced management scrutiny.
Avoid Pitfalls of Manual Reconciliations
Following on from the success of our How to Avoid Pitfalls of Manual Reconciliations webinar, we released this whitepaper to discuss a consideration of common manual reconciliations challenges and how they can be solved:
• Manual reconciliations processes are time consuming and prone to error
• Difficulties handling high volumes of reconciliations
• Complexity of collating multiple sources with varying file and/or data formats into a single place
• Limited data enrichment possibilities
• Inability to apply complex, multi-step matching rules
• No way of identifying, handling and/or managing exceptions
• Lack of automated escalation processes
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