Reconciliations: The Road to End-to-End Automation

Financial reconciliations have come under scrutiny as firms are increasingly realizing the problems associated with often manually intensive operations, which are challenging to scale in order to meet changing business and regulatory requirements. A competitive market environment and pressure on margins have led to a focus on improving efficiencies and reducing operational overheads, and for many there are clear benefits from improving automation of reconciliations. 

The changing reconciliations landscape is also putting pressure on firms to replace legacy systems with new technology and, according to the survey, firms are on the hunt for scalable and flexible systems that can help meet expectations from clients and regulators alike. With recent advancements in technology, reconciliation is an area that can be automated to help firms mitigate risk, and it is now down to firms to embrace change and set the business up for future success.

Download the SmartStream white paper Reconciliations: The Road to End-to-End Automation

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