Bank Reconciliation Services
Reconciling your bank accounts on a daily basis is a treasury best practice. When not automated, it often gets pushed aside for more pressing daily operations. Bank statement reconciliation can become a weekly or monthly process, snowballing into a large effort at month-end and increasing risk of errors. Regular reconciliation leads to an easier ability to detect anomalies thus resulting in quicker resolutions. How quickly would you know if there was fraud on your bank account if you only reconcile once a month?
Automating your bank reconciliation will free up time for personnel to work on value-added activities and more strategic issues instead of simpler operational blocking and tackling. Many organizations find strong ROI associated with automating bank statement posting due to the volumes of activity.
ConsultAce has extensive bank statement implementation experience. Our team can help you: