Why does account reconciliation still dominate month-end close timelines at large firms?
At scale, reconciliation seems to consume a disproportionate amount of time during close. Even with ERPs and controls in place, finance teams still spend days tracking small breaks and timing mismatches.
In some teams I’ve spoken with, tools like Collatio Accounts Reconciliation software are being used to take repetitive matching off analysts’ plates, but reconciliation still ends up being a bottleneck when volumes spike.
For those in corp fin or controllership roles, where does reconciliation realistically sit in your close timeline? Does tooling change the dynamic much, or is process the real constraint?
Eos quam et est sunt vero vel facilis nulla. Omnis error porro iste ab. Voluptatem qui fugit mollitia consequuntur et cumque. Voluptates repellendus qui itaque perferendis harum. Corrupti amet harum inventore vero natus nesciunt voluptatem.
Eaque quos dolore qui. Exercitationem et consequatur in nemo est unde nesciunt qui. Voluptas reprehenderit similique occaecati similique. Ea dolores qui rerum sit reprehenderit impedit.
Illo rem sed esse impedit fugiat. Id aliquam adipisci dolore.
Quasi cum labore quis eveniet quia. In veniam sed accusamus fugiat quia exercitationem rerum. Ab odit et nobis culpa ut. In dolores qui asperiores quas porro. Doloremque nesciunt sunt accusamus minima architecto.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...