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ABA: The American Bankers Association
Industry News

Solve Todays Challenges Meet the Demands of Tomorro

Many institutions turn to spreadsheets to meet changing requirements and fill the gaps between systems. While this approach may meet the requirements in the short-term, it will lead to inefficiencies, operational risk, and is unsustainable in the long-run. An over-reliance on manual processes, combined with large datasets and multiple reporting perspectives can limit an institution’s ability to perform analysis, leading to a lack of transparency, delays to the accounting close, and increased risk of misstatement.