AutoRecon

Automated Reconciliation For Effective Cash Management

A study by PwC says more than 81% of banking CEOs are considering the impact of digitization in the finance world. Several financial organizations are trying to keep up with the latest tech trends like chatbots, Artificial Intelligence (AI), Blockchain, etc. These breakthrough innovations with new technologies are helping to optimize operational efficiency to a great …

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GL accounts reconciliation

Importance Of Automation In The GL Accounts Reconciliation

This decade has been very significant for Banks and Financial institutions in terms of many technological advancements. One of the most important being switching from all manual processes to an automated workflow. General ledger accounts reconciliation is one such example. With automation, this critical process can be performed swiftly with more accuracy & efficiency. Let’s discuss …

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Payment Reconciliation

Automated RTGS Payment Reconciliation Software Benefits For Financial Institutions

AUTOMATED RTGS PAYMENT RECONCILIATION SOFTWARE BENEFITS FOR FINANCIAL INSTITUTIONS  The fast-evolving payment industry has a high impact on the financial markets. After NEFT 24×7, RTGS 24 x 7 is launched in India from 14th Dec 2020. India will become one of the few countries in the world to operate its RTGS system round the clock …

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Relatime Automated Reconciliation

Role of Real Time Automated Reconciliation in Real Time Transactions

Role of Real-Time Automated Reconciliation in Real-Time Transactions The financial market is on the verge of ever-expanding growth. Financial institutes in the capital market are managing payments at an increasing pace. This trend is not going to change anytime soon. The immediacy of transactions needs a real-time reconciliation solution. Financial institutions are now getting into …

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Automated Reconciliation

Myths And Facts About Using Automated Banking Reconciliation Software

Automation of banking processes is now transforming the industry practices. Facilitating efficient business strategic decisions are improving performance and leading businesses towards the automated reconciliation process. The top guns of the banking industry are rooting for automated reconciliation, though there are some misconceptions. In this article, we will address the myths about automated banking reconciliation …

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captal markets

How Automated Reconciliation Is Benefiting The Capital Market?

The capital market has a sensitivity for errors, but it is often noticed that most of the businesses are still counting on manual reconciliation. Financial experts have forecasted that with improved AI reconciliation software, finding incompatibilities in data and resolving the problem will be sorted in no time. This article explores how automatic reconciliation helps …

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Automated reconciliation solution

How An Automated Reconciliation Solution Helps Your Business To Thrive

Time has a value, so as money. The slightest of mismanagement can ruin your efforts in business growth. Thus, businesses take time and money management as their utmost priority in their growth checklist. Opting for an effective automated solution is crucial for managing your reconciliation needs. Experts have expressed that lack of proper reconciliation often …

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automation

Spreadsheets to AI based solutions, technology transformation in the world of Reconciliation! 

Reconciliation is a process of comparing two related sets of records or two accounts at the end of an accounting period. This is a critical accounting process for identifying accounting disparities, fraud, and other serious bookkeeping issues.  Regular reconciliations rectify issues like data redundancies, omissions, and errors in the amount other than pinpointing unauthorized transfers …

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Reconciliation

Understanding Reconciliation and Why It Is Important

Reconciliation is a natural account process that ensures the actual money spent matches the money leaving an account at the end of an accounting period. This is very crucial for businesses and individuals to keep a track of their finances any inspect false activity or financial statement errors. What are the types of reconciliations? Bank Reconciliation. Bank reconciliation …

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accounting analytics

Top 5 Reasons To Use Reconciliation Software

Reconciliation is the process of comparing two sets of records to make sure that their balances are correct at the end of each accounting cycle. Though the definition sounds really simple, the manual reconciliation process is time-consuming, error-prone and if not done accurately can result in a substantial loss for your business. As a business …

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