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Modern payments, outdated systems: Why growth and uncertainty demand agility

The Payments Association

The Problem with manual reconciliation Despite the need for real-time processing, many firms still rely heavily on manual reconciliation methods. In fact, a staggering 90% of firms still use spreadsheets for payment reconciliation. This approach is time-consuming, inefficient, and highly prone to errors.

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Stripe Reconciliation: The Complete Guide

Nanonets

By establishing this three-way reconciliation process, businesses can meticulously track information across systems, validate data accuracy, and ensure financial integrity before updating their books, empowering them with enhanced transparency and efficiency in managing online transactions.