Manual reconciliation of vast amounts of data is an arduousprocess, involving countless staff hours that includesbacktracking, often ending without an audit trail to demonstratehow the balance sheet was derived.
|Automated processes offer a solution to this risk-ladenadventure. However, not all automated reconciliation solutions arethe same. To effectively reduce the risk of non-compliance andprovide a cost savings, the reconciliation solution should be adata-agnostic tool, capable of pulling massive amounts of disparatedata around various claims, equity fund balances, payments,disbursements, etc.
|The recent white paper, “The Buried Costs and Hidden Risksof Manual Reconciliation for Insurers,” illustrates howto calculate and compare the costs of a manual system versus anautomated system. Readers also will discover how one major bankreduced processing errors from $108 million to less than $20,000 insix years.
|Click here to request your copy.
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