Under Writing

Customer Challenges

  • Ensure precise comparison of account records
  • Improve the processing rate involved in the financial reconciliation of the monthly bank statement from all clients
  • Manual Comparison of Bank Statements and Accounting System and Subsequent Updating of Reconciled Information
  • Time Consuming, Tedious and Error Prone Process

Under Writing

Our Solution

  • Our Bot automatically performed data extraction from the bank statements from all clients and comparison with the accounting system, ensuring that balances were accurate and matching
  • Information was updated upon reconciliation

Key Benefits to the Customer

  • 100% Process Accuracy
  • Zero Errors
  • Improved Quality and Processing Speed
  • 80 % TAT Reduction
  • Savings of Human Effort by 25%

Time for Implementation – 6 weeks

About The Author

Jag Bethi is the SVP Solutions at ComTec, a 21 year old IT solutions and services company. He works with CIOs, CAOs and CFOs in optimizing and modernizing their IT (applications/infrastructure) portfolios. He has over 24 years of experience in all aspects of IT and has worked in multiple capacities such as Programmer, Management Consultant, Project Manager, Program Manager, Projects Portfolio Manager, Director of Projects and VP of Services. He can be contacted for any IT Consulting engagements.

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