Saves Time & Reduces Administrative Expense
Manual reconciliation is a time-consuming and laborious task. By automating the vast majority of this process, staff can spend their time on more productive activities.
Improves Accuracy & Consistency
Mistakes can arise during the tedious process of manually reconciling bank and cash book transactions. Where discrepancies are discovered, staff may handle them inconsistently.
Auto Bank Rec improves matching accuracy and lets you specify how any bank/cash book discrepancies will be handled consistently.
Increases Financial Visibility
By regularly conducting a bank reconciliation, an organisation can maintain an accurate and up to date picture of its current cash balance. It enables an organisation to spot bank errors or cash book errors and to expose any financial impropriety (such as employee theft or fraud) as soon as possible.
Auto Bank Rec also ensures this information is readily available and clearly presented through its various reports.