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Building Organizational Resilience is No Longer a Matter of Choice

With the increase of competitors in every sector, organizational Darwinism comes into action. Only the fittest of the fit will survive the race to success. However, various factors determine this fitness. While, on one hand, there is the need to maintain quality of products and/or services, on the other hand, there needs to be continuous …

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NSE Shutdown – Why Automated Bcm Is Essential To Handle Such Disruptions

Technical glitches and outages in the stock market are rare, though not uncommon for global exchanges. On Thursday (February 25, 2021), the National Stock Exchange (NSE), India, faced a trading outage where operations had to shut down from 11.40 am due to an issue at a telecom service provider. The recent NSE trading halt scenario …

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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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Two Important Factors to Ensure Business Continuity

Currently, the entire world has been going through a radical change in response to the outburst of COVID-19. Social distancing as pandemic precaution affects the majority of industries, including financial institutions, the hospitality industry, manufacturing industry, to name a few. Henceforth, many organizations will have to redefine their work culture from personal to remote and …

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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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Resilience

Enterprise Resilience- Concept & Solution for Small & Medium Enterprises

Enterprise Resilience– Concept & Solution for Small & Medium Enterprises In the last decade, the meaning of enterprise resilience in small and medium enterprises has gone through many changes. It’s a fact that SMEs contribute to maximum employment in the private sector. But, it’s also a truth that small and medium businesses are more vulnerable than …

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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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What Are The Core Objectives Of Business Continuity Plan?

A business continuity plan is one of the leadership teams’ primary focuses in the current socio-economic landscape. Certainly, this is not a sudden step; this encircles around the key purposes of averting threats possibilities growing upon businesses these days.   With the expansion of complex technology network and supply chain, the business risks are also on the rise. The …

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