The problem: Bank reconciliation used to turn into an actual financial statement three weeks later, if it happened at all. Purchasing decisions got made on gut feeling and a spreadsheet that was already out of date by the time anyone opened it.
The fix: Reconciliation now happens automatically, so the financial statement is never more than a day behind the bank. Purchasing decisions are based on this week’s numbers — not last quarter’s guesswork.
“Bank reconciliation used to turn into a financial statement three weeks later, if we were lucky. Now it happens automatically, so purchasing decisions are based on real numbers — not last quarter’s spreadsheet.”
— Vedron customer
Still finding out your real numbers a month late? See how automatic reconciliation works.