Manual processes can no longer keep up with compliance and fraud-fighting objectives. Automation makes a difference.
Regulations regarding internal controls require management teams and auditors to understand and document every aspect of the financial process. Automated reconciliation provides a level of control and oversight over complicated processes that manual approaches lack.
Read this BAI article to learn how financial institutions can leverage automated reconciliation to meet internal control requirements, while accommodating growth objectives and meeting customer expectations for faster payments and more robust digital offerings.