Keep up with the speed of transactions

In today’s always-on, information powered world, data is everywhere. Finance teams can struggle with massive amounts of data, new channels and new opportunities. The days of waiting until the end of the month to understand your financial performance are over. It’s imperative to access insights that are accurate on a daily basis for high-volume transactions.

Banks and insurance companies require daily reconciliations to manage volume and meet regulatory requirements. These must be accurate, timely and complete. Certain transaction types, such as loan and cash balances, cash, debit and credit cards and person-to-person payment services such as Zelle all require daily reporting and specific processes. Most importantly, they require transparency.

Other industries such as retail, hospitality and other high daily transactional organizations often reconcile accounts daily to ensure proper tracking of inventory and to enhance controls for high-risk business areas.

Daily Reconciliation with Adra Matcher

• Perform daily reconciliations to keep up with high volume and adherence to standards.
• Daily reports can be created to summarize work performed with transactions details and balances
• Optional sign-offs available to ensure appropriate workflows and audit trail

Download our brochure for more information on key benefits and use cases of this feature.