Bank Recon Automation
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- Achievements
- Bank Recon Automation
What we did
- Enabled the auto transactions import feature in ERP (Oracle) to import bank statements
- Scheduled daily bank statements (MT940 format) to be sent directly to ERP by the concerned bank
- Set up reconciliation rules to automatically mark invoices as paid or receipts in the system
- Achieved 76% auto reconciliation within the first 3 months of implementation
