What is Fiserv Account Reconciliation?
Fiserv’s Matching and Account Reconciliation solutions provide a powerful state-based processing engine that employs configurable rules to comprehensively check large quantities of financial data for accuracy against anticipated results. The Account Reconciliation solution supports all account and transaction types, is fully multi-currency enabled and provides financial control through automation of the account and balance sheet reconciliation process.
Benefits and Insights
Why use Fiserv Account Reconciliation?
Key differentiators & advantages of Fiserv Account Reconciliation
- Significant reduction in costs – by automating this process, FTE’s can work on other high value items such as exception item resolution.
- Reduced risk and increased efficiency through automated processes, eliminating any manual efforts that can result in costly errors and providing staff with a clear path to resolution
- Integrates with other Financial Control Solutions such as Account Certification and Case Management
- Increased compliance by providing a clear audit trail of actions taken throughout the reconciliation and exception management process
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