Bank Reconciliation for one of the Big 4 Consulting Firms
Overview
The client is one of the big 4 consulting firms that needed bank reconciliation solution to support the global finance team, dramatically reducing the time required to produce accurate financial reporting. After an approximate 60 days of rapid prototyping, ACL Digital created a data automation and warehousing solution by leveraging.
- RPA Advisory & Consulting
- POC/Rapid Prototyping
- Enterprise wide RPA scaling
- Optimization & Support
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Challenges
Partners in the business were struggling with global finance and corporate IT to deliver on a need to overhaul data, reporting and process
Being over budget and behind for more than 12 months, the company needed to accelerate their business initiative
Outcomes
- Quality and resiliency - improved accuracy
- Additional throughput and scale - ability to process more with less people
- Better customer experience - customer has immediate feedback throughout process
- 300% reduction in reconciliation time
- Increase in speed and efficiency
