As one of the top-notch commercial banking institutions of the Middle East region, our client has reinforced its presence with their many overseas branches and representative offices in different parts of the world.
This financial institution has seen significant growth by catering to retail, corporate, commercial, and institutional clients.
Before the management found our, 95% of their reconciliations was being handled manually by their accounts team with the external help of a semi-automatic system.
Consequently, they saw revenue leakage and heavy penalties imposed to compensate for their inability to apply funds and maintain a structured reporting system which made the collective suffering much greater.
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