A Guide To Reconciliation Management

We are living in a fast-changing world where the need for speed, quality and control in the financial close process is on the rise. Now, the pressure on finance professionals to provide management with reliable information that supports faster decision making as well as provides strategic guidance on important decisions has notably increased. The purpose of this guide is to give finance professionals an insight into the challenges and trends surrounding the modern finance department. In this guide, we’ll unearth how you can make improvements that add real, tangible value to your reconciliation management processes.

Account reconciliation is one of the most time-consuming tasks in any finance and accounting department. Many companies are still working in silos with ad hoc routines, systems, and cumbersome spreadsheets. To keep up an ever-evolving landscape, more and more organisations are simplifying and streamlining their reconciliation processes through automation.