Thursday, April 28, 2016

Three Major Challenges in Banking Reconciliation | Reconciliation Software

The banking industry faces the most complex and challenging reconciliation process. Factors like process complexity, multiple data sources, high account and transaction volumes, and constantly changing regulatory requirements make banking reconciliation intricate and cumbersome. Here are some major challenges in banking reconciliation and how they can be overcome with reconciliation software. Challenge #1: Ownership, Cost &…

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