Reconciliation’s Next Big Move for Budgets

As firms navigate an ever-changing technology and regulatory landscape, it’s getting harder to manage reconciliation efficiently. Constrained by shrinking settlement cycles and growing transaction volumes, back-office operations are under massive pressure as reconciliation becomes more complex. On one hand, firms must improve speed to market to compete and grow. On the other hand, they need to keep costs and risks to a minimum.

With data accuracy and transparency now critical to achieving compliance and managing risk, ensuring an efficient, scalable reconciliation environment is increasingly vital. While automated reconciliation can help accomplish this objective, firms may need more appetite, resources or expertise to manage them effectively.