Is your organization’s credit card reconciliation process keeping up with current payment trends?
Rarely would a company consider an increase in sales to be a problem. However, because every sale translates into a transaction that needs to be properly reconciled, for most companies, the amount of transactions they handle daily far surpasses what they can handle efficiently, and most of all —accurately.
Credit cards and online purchases have revolutionized the speed and efficiency with which consumers can pay, but this leaves accounting teams struggling to manage the volume of credit card reconciliation.
This eBook highlights the five initial steps companies must take to improve their credit card reconciliation process in order to keep up with current payment trends and reduce the risk of errors in the reconciliation process:
- Become Self-Aware
- Move Away from Old Mindsets
- Trust your Employees
- Standardize & Centralize
- Adopt Current Technology
Download now to learn more about these credit card reconciliation best practices.