Manually managing reconciliation can create vulnerabilities, such as noncompliance, fraud, errors and audit risk. And when exceptions can’t be traced or resolved in a timely manner, they turn into costly write-offs. Financial institutions don’t have to accept those costs or risks when technology is available to eliminate them.
This white paper from Fiserv outlines the key benefits of automated reconciliation and areas for consideration in planning your solution, including five steps to help measure the potential value and start building a business case for automation:
For more information about Frontier Reconciliation and other Fiserv solutions, call us at 800-872-7882 or click below.Contact Us