Research Library > Fiserv > The Buried Costs and Hidden Risks of Manual Reconciliation for Financial Institutions

The Buried Costs and Hidden Risks of Manual Reconciliation for Financial Institutions

White Paper Published By: Fiserv
Fiserv
Published:  Mar 02, 2018
Type:  White Paper
Length:  6 pages

Donít Let Non-Compliance Fines Impact your Bottom Line and Reputation.

Manual reconciliation of vast amounts of data is an arduous process, involving countless staff hours that includes backtracking, often ending without an audit trail to demonstrate how the balance sheet was derived.

Automated processes offer a solution to this risk-laden adventure. In the white paper, The Buried Costs and Hidden Risks of Manual Reconciliation for Financial Institutions, learn how to calculate and compare the costs of a manual system versus an automated system.




Tagsmanual reconciliation, automated reconciliation for banks, automated reconciliation, automated reconciliation system, non-compliance, data reconciliation