Online reconciliation system
Lancashire & South Cumbria NHS Foundation Trust, North West, Mental health
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Lancashire & South Cumbria NHS Foundation Trust, North West, Mental health
The finance team needed to replace the existing manual accounts reconciliation process with an automated solution, otherwise we would continue to have issues demonstrating that reconciliations had been performed, reviewed and approved by appropriate staff members in a timely and efficient manner.
How might we track and monitor the status of our reconciliations, so we know when they need updating, reviewing and approving?
How might we demonstrate to our auditors that reconciliations are performed and reviewed in a timely manner to satisfy audit requirements?
How might we remind people when reconciliations need to be updated and approved so they do not forget to do them?
How might we remove the need for staff to search through files and folders to locate reconciliations and the associated approval documentation?
How might we incorporate a trial balance feed into the system so that users no longer have to use the finance system to check account balances?
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Read now“Great example which demonstrated using technology to move the process forward with a start to end solution”
“I can see that this is very beneficial, this it’s a great idea!”
“Saves time and gives fully auditable trail of checks and sign off process for reconciliations is easily accessible to team members and allows status reports to be run automatically, saving time”
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