Webinar: Getting reconciliation right in the ‘decade of data’
A blueprint for consolidating, automating and driving efficiency across reconciliation – and beyond.
Reconciliation is an essential control function in financial services, aimed at eliminating operational risk that can lead to fraud, fines or in the worst case, the failure of a whole firm. And yet, innovation in this area has been slow with operations often reliant on people power and spreadsheets.
It is now 2020 and technology has moved on. So, how can firms automate and streamline their reconciliation functions today? What options are there for updating and consolidating systems?
We will look at why reconciliation is so hard to automate, what forward thinking firms are doing about it, and which types of technology are needed to take your processes to the next level.
We introduce ‘The Reconciliation Maturity Model’ – a new roadmap for financial firms to consolidate, automate and drive efficiency across reconciliation.
The model outlines five key stages of reconciliation maturity, from Stage One ‘manual’, through to Stage Five ‘self-optimising’ – where machine learning automates almost the entire process, removing the need for manual reconciliation and eliminating risk.
This optimal future isn’t that far away.
Date: 06 May 2020
Time: 3 pm BST | 10am EDT | 7am PDT
Duration: 1 hour