There is continuing pressure on financial institutions to reduce risks and ensure they meet operating, reporting and compliance requirements as prescribed by the FDIC. However, with manual processes established around implementing internal control programs, it is difficult to ascertain that these requirements will be met adequately.
One of the critical areas of focus while establishing a strong internal control system is reconciliation and certification of financial statements. Eliminating manual intervention in the reconciliation and certification process can ensure accuracy and data integrity that is essential to the attestation of financial statements.
Join the webinar and learn how an end-to-end reconciliation and certification process established on the strong foundation of detailed transaction-level matching can result in:
· 60% to 80% Efficiency Gains
· 25% Cost savings on Audit
· 75% or higher reduction in write-offs
· Greater confidence in the certification/attestation process backed by complete transactional-level visibility and availability of the full audit trail