The challenge
- Previous process involving a lot of manual work, lack of control, and slow.
- The previous reconciliation tool they used was not the most efficient.
- They performed many reconciliations manually, which is not ideal for a bank of its characteristics.
- Furthermore, many of these reconciliations were not inventoried.
The outcome
1. ERFcheck optimized the reconciliation of the P&L for all financial products.
2. Reconciliations were inventoried and centralized.
3. Manual tasks were automated, reducing inefficiencies.
4. Operational risks and human errors were reduced, and operational control and traceability were improved.
+40M
Daily transactions
4,5
FTE savings
