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We reconcile across bank accounts, clearing accounts, and internal ledgers every month, and it feels like the number of mismatches keeps growing. A lot of the breaks are small timing differences or reference issues, but tracking them down still eats up hours.
We had one close cycle where a small posting error went unnoticed until audit review, and the cleanup took far longer than it should have. That was the point where we realised manual reconciliation just does not scale when volumes grow.
We started testing Collatio Accounts Reconciliation software to handle the matching and surface only real exceptions. It did not fix everything overnight, but it reduced the noise and gave us a clearer view of where problems were actually coming from.
How are others dealing with reconciliation volume during close? Are you mostly manual, or have you moved some of this to automation?
We had one close cycle where a small posting error went unnoticed until audit review, and the cleanup took far longer than it should have. That was the point where we realised manual reconciliation just does not scale when volumes grow.
We started testing Collatio Accounts Reconciliation software to handle the matching and surface only real exceptions. It did not fix everything overnight, but it reduced the noise and gave us a clearer view of where problems were actually coming from.
How are others dealing with reconciliation volume during close? Are you mostly manual, or have you moved some of this to automation?