🔍 Bank reconciliation is more than just a month-end task Every finance team knows the drill of matching books to bank statements. But bank reconciliation isn’t just about ticking a compliance box. When done right, it becomes a powerful tool to: ✅ Prevent fraud ✅ Detect costly errors early ✅ Avoid overdrafts and penalties ✅ Improve working capital and cash forecasting ✅ Protect your customer experience Research shows that poor reconciliation practices can lead to a 15% increase in DSO, creating real pressure on working capital and operational efficiency. So how do you get it right? We’ve published a deep dive into the role of bank reconciliation in today’s finance stack. It covers real-world examples, templates, common pitfalls, and how automation can simplify the entire process. If you're looking to reduce manual errors, accelerate collections, and gain real-time visibility into your cash position, this is for you. 📖 Read the full breakdown: https://lnkd.in/gEJQvJ8S #AccountsReceivable #BankReconciliation #CashFlow #FinanceAutomation #Upflow
