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Account reconciliation

Case for Automation

Repetitive tasks such as as manual transaction matching can cost accounting team members hours of valuable work time. This is especially the case
when they are using slow-performing legacy systems or encounter duplicate
data.

Bot Activities

  • Detects discrepancies between a company’s bank statements stored in
    relevant folders and bank statements supplied by the bank
  • Reconciles data that appears on a company’s balance sheet in a general
    ledger accounts system with details that form these balances in accounting
    systems
  • Reconciles external supplier accounts
  • Reconciles internal balance details
  • Identifies accounts that do not match
  • Creates reconciliation reports
  • Emails stakeholders notifications when reconciliation tasks are complete
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