Errors and inaccuracies can generate significant risks when firms hold securities worth billions of dollars. So, reliance on manual reconciliations is a risk that firms should avoid.
Not only does it place a significant burden on operational staff, but it also creates challenges such as human error, data inaccuracy and volume limitations.
Rather than investigating and resolving the exception items which indicate a possible risk, daily tasks are focused on the production of reconciliations and matching of records.
That is why the execution of timely and repeatable reconciliation processes is a vital control for ensuring the accuracy of records.
Download this brochure to learn how we can help you overcome securities reconciliations challenges with automation.
Complete the form to get your free copy today.