“Conciliac is more than just a reconciliation tool. Its versatility and simplicity make it easy to use for processes never before imagined where there are significant savings in costs and time.”
Key results after implementing Conciliac
American Express used to reconcile wide-ranging processes manually, which took up many hours of work and relied on resources devoted to these tasks. They are now using Conciliac as a reconciliation service for their customers, as well as for new controls that have been set up since, working more efficiently, cutting costs, and boosting productivity.
- Huge boost in productivity of more than 1000%.
- Substantial cost-savings for reconciliation processes.
- Automated correlation analysis and upload to system.
- Increased customer satisfaction due to expense-matching.
- Option to download pending items and import them into TMA.
- Billing mistakes spotted and credit notes automatically corrected.
- Non-reconciled operations spotted and automatically uploaded to the system.
- Generation of Quality Score (efficiency KPI).