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"Reconciliations: Don't Wreck your Recs [White Paper]"

Don’t Wreck your Recs: Achieve a Golden Source for your Financial Controls Data

White Paper: AutoRek

Reconciliations form the foundation of a tightly controlled finance or operations department in any organization. Transparent, up-to-date and accurate financial data is not just essential for regulators or auditors, but it is increasingly an important tool for the executive branch to shape corporate strategy.

Building an automated reconciliation framework can be an expensive, complex and time consuming process, tying up crucial business and IT resources with often the wrong result being delivered.

This whitepaper explores the benefits of using an automated reconciliations solution, by adopting an iterative 6-step approach to perfecting your financial controls regime. It also explains the typical benefits your firms may receive in the immediate period post implementation, and recurring thereafter.

Key takeaways from this whitepaper:

  • Different reconciliation deployments

  • The perfect Golden Source for all of your financial control data

  • Most common pitfalls of manual or semi-automated reconciliations and financial data management

Don’t Wreck your Recs: Achieve a Golden Source for your Financial Controls Data
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What is

What is Risk Management ?

Risk management is the way of identifying, measuring and dealing with the threats to an organizations capital and earnings. Definition according to ISO 31000 Risk management is the way toward assessing the chance of loss or damage and finding a way to battle the potential Risk.

What is Contact Center ?

A contact center or customer interaction center is a central point in an enterprise that is equipped to handle large amounts of customer telephone requests for an organization. It is basically a computer-based system that provides call and contact routing with specialist answering “agent” stations and a sophisticated real-time contact management system, for high-volume telephony transactions.

What is Financial Services ?

The term financial services is not short of definitions, it can be defined in the simplest way as to include a plethora of continuously increasing services offered by financial institutions such as Banks, credit card companies, insurance companies, mutual fund providers, etc. As the world becomes more complex, so are the financial institutions. In order to meet the growing demands and compete in the ever growing financial market, the financial institutions are constantly innovating and developing new products thus increasing the financial services exponentially.

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