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Our team spends a surprising amount of time just matching transactions and clearing differences. By the time reconciliation is done, there is very little energy left for actual analysis or process improvement.
We knew this was not the best use of experienced finance staff, but we struggled to change the workflow without adding risk.
We have been experimenting with Collatio Accounts Reconciliation software to automate the repetitive matching so that the team can focus more on understanding why breaks happen and what they mean for controls and reporting.
Has automation freed up time for your team to do higher-value work, or did it just change where the effort goes?
We knew this was not the best use of experienced finance staff, but we struggled to change the workflow without adding risk.
We have been experimenting with Collatio Accounts Reconciliation software to automate the repetitive matching so that the team can focus more on understanding why breaks happen and what they mean for controls and reporting.
Has automation freed up time for your team to do higher-value work, or did it just change where the effort goes?