Manual account reconciliations aren't bad; they're awful! Few tasks in the finance department elicit such dismay. You can run, but you can't hide; for as frustrating, tedious, and time-consuming as the processes are, they're also critical. Neglecting or delaying account reconciliations leaves organizations and their internal controls vulnerable.
Fortunately, manual reconciliations are no longer necessary. Automation software can do it faster, more accurately, and on whatever schedule you choose, resulting in more robust internal controls and freeing your team to tackle more important tasks.
If it sounds too good to be true, you've come to the right place. We have a number of resources to educate those looking to eliminate manual account reconciliation processes.
Take a look at our live demonstration of reconciliation automation at the 2020 GFOABC Virtual Conference.
More on advanced technology in the finance department:
AI is coming and it will dramatically improve your finance department's efficiency. It is already starting and many of us don't know it yet.READ MORE
To function effectively & efficiently in the coming decades, your finance department must plan for these 5 major changes right now.READ MORE
Accurate and timely reconciliations are a critical control function. Understand best practices and develop a clear plan for reviewing reconciliations.READ MORE
FH Black exceeded our expectations. From day 1, their project manager (Darryl Parker) made us believe we were his one and only client. With his deep knowledge in governmental accounting, he had a clear understanding of our practices and challenges. (read more...)
F.H. Black understands municipal accounting. There’s a tremendous knowledge base within the company and they use that knowledge to come up with strategic recommendations that really help us leverage the software to our best advantage. (read more...)
They are recognized experts in both CaseWare and municipal reporting requirements. We value that experience and look to them for assistance developing best practices for our reporting cycles going forward. Our province has additional unique requirements. F.H. Black was familiar with these requirements and could help us meet them using CaseWare. (read more...)
I am certainly happy we implemented CaseWare. I easily saved 40 hours of time. Plus, we saved $8,000 on our audit fees because of the time it saved the auditors. We expect it will get faster and better yet! (read more...)