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BSP Streamlines Reconciliation Process With SmartStream

Fintech Finance

In a move to enhance operational efficiency, BSP has embraced BSP reconciliation automation through its partnership with SmartStream. This implementation marks a major milestone in BSP reconciliation automation, allowing the bank to improve accuracy and reduce manual intervention.

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AutoRek Unveils Reconciliation and Data Management Solution for Crypto, AutoRek Mion

Finovate

Automated reconciliation and financial controls company AutoRek recently unveiled its AutoRek Mion platform. AutoRek Mion provides data management and reconciliation capabilities for cryptocurrency and digital asset operations at a time when adoption of these assets is growing rapidly. Chris Livesey is CEO.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

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Aviva Partners with AutoRek for its Automated Reconciliation Solution

Finovate

UK-based, multinational insurance company Aviva has teamed up with automated reconciliations solution provider AutoRek. Aviva will deploy AutoRek’s platform to provide a fully audited, rules-based reconciliation process that reduces the risks associated with manual processing.

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Automating Bank Reconciliations: Ascent Aviation’s Success with FloQast

FloQast

The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts. Automated reconciliations for bank accounts, credit cards, intercompany transactions, and more not only saved time but also ensured accuracy and compliance.

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Streamlining Reconciliation Management: Navigating Challenges and Embracing Automation

FloQast

In the world of accounting, the reconciliation process stands as a critical linchpin, ensuring the accuracy and integrity of financial data. As companies navigate complex financial landscapes, the need for streamlined reconciliation processes has never been more pronounced. However, the path to automation is fraught with challenges.

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Modern payments, outdated systems: Why growth and uncertainty demand agility

The Payments Association

Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. Here’s how these technologies are reshaping the payments ecosystem: Stablecoins are transforming cross-border payments by providing faster, cheaper alternatives to traditional transfers.