Many organizations rely on spreadsheets to help manage transaction tracking for their organization. This is a cumbersome, manual process that relies on significant administrative overhead to ensure that data from various sources are are being extracted and reconciled in a timely manner and classed to the right heads on the right vertical. Getting the data reviewed and approved and being able to generate meaningful reporting is an exercise in frustration.
There is nothing more fatal than loosing income from revenue leakage.
Lack of incentive to the recon practitioners to automate the process is the reason that mostly BFSI runs on spreadsheets because It certainly isn’t called Revenue Gainage.
But for people having their skin in the game, Its the time to AUTOMATE
For knowledge sharing about 360 degree recon automation, mail at anil@bancapp.in, pabitra@bancapp.in