Custom Software
Financial errors and time delays bogged down a consulting group’s manual reconciliation efforts. We created a cloud-based application that pulled BAI2 data, automated statement generation, and eliminated manual mistakes.
Financial reconciliation is critical for consulting groups managing multiple accounts. Manual workflows not only soak up resources but also elevate the risk of errors. Our automated system guarantees accurate statements and timely reporting.
The Challenge
- Labor-Intensive Process: Each account statement was compiled and checked by hand, eating up hours of staff time daily.
- Risk of Human Error: Even small discrepancies could lead to inaccurate financial reporting.
- Inefficient Data Management: Storing and accessing statements across various folders caused confusion and delays.
What We Did
- Real-Time BAI2 Integration: We built an interface to retrieve banking data from multiple financial institutions via secure APIs.
- Automated Statement Generation: On a preset schedule, the system produced account-specific statements without manual input.
- Targeted File Delivery: Statements were automatically placed in the correct drives and folders, ensuring they were accessible to authorized stakeholders at the right time.
100% Reconciliation Accuracy
Automation eliminated the errors and inconsistencies common in manual processes.
20+ Hours Saved Weekly
Staff could reallocate their time from reconciliation to higher-level financial analysis.
Faster Reporting
With statements generated on-demand, leadership had the data they needed for agile decision-making.
