The Business Case for Automating High-Volume Transaction Matching

Delivering ROI – An Automated High-Volume Transaction Matching White Paper

High-volume reconciliations create significant challenges for finance and accounting departments. The daily, weekly, or monthly matching of bank-tobook accounts, especially credit card transactions, is often a very manual, error-prone, time-consuming task. Regularly, reconciliations are delayed, which impacts visibility into financial performance while also increasing the risk of write-offs. Additionally, business trends are challenging to identify without an automatic exception reporting system and clearly defined workflows. What’s more — these issues multiply exponentially as the company grows.

A leading research firm’s report, consisting of a number of in-depth interviews with Cadency Reconciliation Match users, determined that Cadency is a proven automatic compliance solution that addresses the following specific customer challenges across all types and sizes of global companies while delivering a quick and compelling Return on Investment:

Improve Operational Inefficiencies

Manage the day-to-day operations of high-volume transactions and efficiently and effectively close your books.

Increase Visibility

Identify and correct any potential balance sheet errors before the close.

Lower Financial Statement Risk

Decrease the write-offs related to delayed reconciliations as well as cash shortages.

Download and read the resulting white paper for some perceptive and thought-provoking discoveries.