Do you understand the value of reconciled data?
Not surprisingly, the creation of regulatory reporting – such as financial reporting – is important for financial institutions. It’s a license to operate. Therefore, it is important to get things done at the right time and with the right quality. But one thing is the importance of financial reporting; another that it has to be repeated, month after month, at the right time and with the appropriate quality. As a result, it should only be natural to focus on optimizing the reporting process. But often that’s not the case.