When Bank Reconciliation is done manually

• Pose difficulty in comparing multiple transactions from multiple sources.
• Only suitable for small volumes and is a time-intensive process.
• Requires increased effort by the finance team and presents costly manual errors.

RPA helps in easing this process by matching the payment details with bank data and other records. If the details match, the records are reconciled. However, in case of any unmatched or suspicious transactions found, the software sends the records for further validation.