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The Corporate Use Case for Automating Bank Statement Feeds

Traditionally, retrieving bank statements for onward reconciliation has always been a highly manual process, performed by centralised teams of people logging in to online banking portals. But, as we move more and more towards the goal of continuous close, automated processes across payroll, accounts payables and receivables, one of the most crucial processes often gets

  • Editorial Team
  • December 10, 2020
  • 1 minute

Traditionally, retrieving bank statements for onward reconciliation has always been a highly manual process, performed by centralised teams of people logging in to online banking portals.

But, as we move more and more towards the goal of continuous close, automated processes across payroll, accounts payables and receivables, one of the most crucial processes often gets ignored – the connection to your banks.

 

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