As organizations look to reduce the cost of their finance and accounting teams, it is essential for them to find the balance between reducing workloads while still maintaining control of the balance sheet reconciliation process. For this reason, firms are increasingly looking to implement global, risk-based reconciliation policies.
By taking a risk-based approach to reconciliations, resources can be focused on the higher-risk activities while those tasks with lower risk can be done less frequently. With a global approach, the process can be standardized, rationalized and the appropriate actions can be taken dependent on the risk.
During this webinar, Trintech will discuss:
- Why organizations are looking to technology to standardize and automate balance sheet reconciliations
- How to create a risk-based reconciliation policy in 4 steps
- Best-in-class examples of companies who have achieved this