BACK TO WORKS

Bank Reconciliation for one of the Big 4 Consulting Firms

Industry

Banking, Financial Services and Insurance

Services

RPA

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
Overview-Bank Reconciliation

Challenges

 

Icon-Bank Reconciliation 01

 

 

 

Partners in the business were struggling with global finance and corporate IT to deliver on a need to overhaul data, reporting and process

Icon-Bank Reconciliation 02

 

 

 

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
Outcome-Bank Reconciliation