Reconciliation process is a stressful and deadline driven process that is expected to function flawlessly. Yet, most organizations continue to rely on error-prone spreadsheets and labour-intensive manual processes that require inputs from many people across the organization and can cause errors.
Read this e-book to understand myths about financial reconciliation
- Data stored in siloed systems and isolated spreadsheets cannot be connected
- Automation is expensive when compared to hiring more resources
- Company is too small for automation
- Software cannot replicate complicated processes of large organisations
- The benefits of automating reconciliation are exaggerated
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