The account reconciliation process is a critical first step in the financial close and sets the foundation for period end success. However, due to its impact on all subsequent close activities, many find reconciliations to be an extremely stressful process that results in using more resources than planned for completion. Take control of your account reconciliation process for a financial close that’s fast, accurate, and easy to manage.
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Gain Confidence in Your Balance Sheet
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Account Reconciliations Made Simple
Does your team spend too much time manually maintaining spreadsheets? With automation you could reduce your dependency on spreadsheets and minimize the inherent risks of conducting account reconciliations manually.
Time Wasted on Manual Reconciliations
Due to the growing amount of data from multiple sources the reconciliation process has become a daunting task for even the most established organizations. Cut down on busy work by automatically reconciling your accounts — you’ll be thrilled at how much time you can save. With more time, you can focus on high-risk accounts and reduce time to close.
If you are concerned that your reconciliation processes may be creating balance sheet inaccuracies that will lead to costly misstatements, you are not alone. View all of your accounts in one place to get more visibility into the status of your balance sheet reconciliations and the data you need to improve them. By removing spreadsheets you can further reduce risk with detailed audit trails.
Too Many Repetitive Tasks
Managing the account reconciliation process manually often leads to finance teams spending a heavy amount of time and effort on low-value work when they could be focused on more strategic initiatives. Automating repetitive low-value tasks doesn’t just save time, it gives you the space to concentrate on your most important accounts and enables you to be a strategic partner to the business.
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