Automate Your Balance Sheet Reconciliations to Improve Accuracy

A Practical Guide for Financial Institutions

Checking off a box on your to do list always brings a certain sense of accomplishment, even if it’s a small step. Efficiency and productivity are always top priorities for financial institutions, especially in finance as teams look to provide more value, better insights and the analytics to empower faster decisions. The problem is, with the rise in data from every channel: mobile, fintech, debit, credit, P2P and loans, the tasks in the finance cycle are highly repetitive and require both time and talent.

The promise of AI in finance is already reaping some benefits, but it is posing additional risk as well, with increased fraud, deep fakes and account takeover schemes, making financial controls more important than ever before. Financial institutions cannot simply replace old processes with AI and expect a magical result. AI needs accurate data in order to deliver the intended benefits.

At Trintech, we understand the complexities and the volume of reconciliations that financial institutions must manage on a daily, weekly and monthly basis. We help financial institutions automate their balance sheet to save hours each day, week and month.

The most important step is knowing where to begin. Download this guide for tips on how to put away the daily to-do list and plan a roadmap to balance sheet automation that will have lasting change, both in terms of accuracy, reduced risk and time saved.