#Reconciliations are a fundamental control mechanism

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comptabilité for finance and accounting. Despite this, many #firms across the financial services sector continue to rely on Excel spreadsheets to carry out this crucial process.

The reconciliation process used to be relatively simple to conduct. And using Excel, a legacy point solution, or an in-house reconciliation tool to perform reconciliations would have once sufficed.

But the expansion of the digital economy, rising transaction volume, and ever-changing regulatory obligations mean that spreadsheets are no longer fit for purpose. Firms that fail to modernise their reconciliations process will find their Finance and Operations teams buried in data and complex manual work.

Want to discover the key features to look for in a reconciliation tool.

Following our in-depth guide, you’ll learn the requirements for each process stage – from data management and attestation to reporting, dashboarding and auditing.

So you can address the common challenges to build a robust back office, improve operational efficiency, save time, and reduce costs.

To access this resource, please contact Abacus Consulting SRL #accounting #finance #stage #work #data #consulting