We all know that bank reconciliation is the foundation of all financial controls ensuring that what is being reported reconciles with what has actually happened. Finance teams are well versed in driving efficiency within organisations but the bank reconciliation process can still be a manual, laborious, and repetitive task using spreadsheets which can get overwritten, changed or lost and are, by their nature, uncontrolled and inefficient.
Alloc8 Reconcili8 bank reconciliation software uses an intelligent, self-learning engine to automate repetitive processes, greatly reducing the time to reconcile, increasing efficiency, reducing human error and providing a full audit trail.
