The Business Case for Automating High-Volume Transaction Matching
Discover the ROI
Delivering ROI – An Automated High-Volume Transaction Matching White Paper
High-volume reconciliations create significant challenges for finance and accounting departments. The daily, weekly, or monthly matching of bank-tobook accounts, especially credit card transactions, is often a very manual, error-prone, time-consuming task. Regularly, reconciliations are delayed, which impacts visibility into financial performance while also increasing the risk of write-offs. Additionally, business trends are challenging to identify without an automatic exception reporting system and clearly defined workflows. What’s more — these issues multiply exponentially as the company grows.
A leading research firm’s report, consisting of a number of in-depth interviews with Cadency Reconciliation Match users, determined that Cadency is a proven automatic compliance solution that addresses the following specific customer challenges across all types and sizes of global companies while delivering a quick and compelling Return on Investment:
Improve Operational Inefficiencies
Manage the day-to-day operations of high-volume transactions and efficiently and effectively close your books.
Identify and correct any potential balance sheet errors before the close.
Lower Financial Statement Risk
Decrease the write-offs related to delayed reconciliations as well as cash shortages.
Download and read the resulting white paper for some perceptive and thought-provoking discoveries.