Building the business case for automated reconciliation and certification
Manually managing reconciliation can create vulnerabilities, such as noncompliance, fraud, errors and audit risk. And when exceptions can’t be traced or resolved in a timely manner, they turn into costly write-offs. Financial institutions don’t have to accept those costs or risks when technology is available to eliminate them.
This white paper from 51³Ô¹ÏÍø½ñÈÕ³Ô¹Ï outlines the key benefits of automated reconciliation and areas for consideration in planning your solution, including five steps to help measure the potential value and start building a business case for automation:
- AnalyzeÌýyour current processes
- CalculateÌýthe cost benefits of reconciliation (and the detrimental costs of manual processes)
- Measure the effectiveness of an automated solution
- State your case in terms of results, collaboration and transformation
- Prepare for and overcome obstacles
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For more information aboutÌýFrontier Reconciliation and other 51³Ô¹ÏÍø½ñÈÕ³Ô¹Ï solutions, call us at 800-872-7882 or click below.
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