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Automating High-Volume Reconciliations
Accounting professionals face major challenges with matching and reconciling transactions as part of the month-end close process.High-volume reconciliations tend to be done manually, which is both time consuming and error prone. With so many transactions flowing through these accounts, the matching process can be extremely tedious. That’s because most reconciliations are still done manually, with accountants highlighting and comparing “rainbow spreadsheets” through ticking and tying—an inefficient use of resources.
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This guide will explore:
- The biggest challenges accounting professionals face
- Advantages of automating the transaction matching process
- How to automate high-volume reconciliations