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Reconciliation Beyond Spreadsheets

Is automated reconciliation possible and desirable?

Automated reconciliation
draws on data management
best practices

Financial reconciliation is a crucial aspect of any business. As the complexity and variety of available data increase, spreadsheet-based reconciliation is becoming obsolete. The solutions available in the market present different degrees of complexity and possibilities for automating the reconciliation process. The providers of these services claim stunning results in terms of the efficiency and timeliness granted by their solutions.

However, concerns regarding the actual applicability and security of such approaches remain. In this white paper, after broadly presenting the market’s current situation, some reasons to transition to the automated reconciliation method are analyzed. What emerges from this short analysis is that steps towards automation in the reconciliation process are worth taking. However, an overall enhancement of the data management process is required for these solutions to work at their best.

Read the full paper

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Related Services

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Intelligent Automation

The simplification of tasks and elimination of unnecessary steps by applying state-of-the-art technologies.

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Providing stakeholders with in-depth insights into a company’s finances.

Financial Reconciliation

Ensuring that all financial records, both internal and external equate.

About the Authors

Francesco di Cugno
Francesco di Cugno
Senior Technology Leader & Founder of Convolut
Francesco is a customer-centric and versatile Senior Technology Director/Consultant who has built a reputation for moulding intricate business solutions using the latest technological innovations, and assists global organisations, including Fortune 500 companies, to realise strategic vision, goals and objectives.
Lorenzo Zannin
Data Analyst
Certified business and functional analyst with extensive financial data analysis and automatic reconciliation knowledge.