8 Sins of a Manual Reconciliation

Roll over spreadsheets. Update checklists. Sign and print. If that pretty much sums up your reconciliation process each month, then you’ll want to keep reading. The reality is that business operations are getting increasingly complex, shareholders are demanding more, and your auditors are breathing down your neck like never before. The reconciliation activity is your last line of defense against financial fraud and errors. And insisting on a manual process to handle month-end reconciliations is a risky endeavor that places an undue burden on your Accounting Team.

Is it time to ditch the spreadsheets and paper stacks?

Here are eight problems you face with your current reconciliation process that may indicate the need to consider automation.