Automated reconciliation: Financial reconciliation from days to hours

Reconciliation is pivotal in ensuring the precision of a company's financial records. When done effectively, automated reconciliation becomes a cornerstone for saving time and resources, empowering businesses to make well-informed decisions.

Unfortunately, financial reconciliation takes up a lot of time for most businesses. 36% of companies lose at least one full work day per week on payment operations, and some have over four full-time equivalent (FTE) employees working with reconciliation. 

Reconciliation is a cumbersome process for all types of businesses, especially for retailers with multiple locations, online and in-store payment channels, international presence, and legal entities.

To overcome these challenges, businesses can embrace automated solutions, contributing to a more streamlined and error-free financial reconciliation process.

In this blog post, you'll discover:

• What is automated reconciliation?

• Manual vs. automated reconciliation

• Automated reconciliation with Adyen