Save Time, Money, and Effort by Enhancing Your Bank Reconciliation Processes

Our clients often tell us that, when performed manually, bank reconciliations are among their most laborious and time-consuming tasks. Completing a reconciliation involves pulling data from their accounting software and statements for multiple bank accounts, transferring it into Excel, and then normalizing, sorting, and filtering it. After that, clients must gather ending balances, manually open a reconciliation for each account, and reconcile each transaction. Some clients also manually save copies of each bank statement to file storage. This process may need to be repeated hundreds of times in large organizations.

This adds up to an enormous amount of staff time. Clients tell us they spend up to 200 hours—occasionally even more—on monthly reconciliations. Reconciliation delivery times can sometimes be measured in weeks, delaying other business activities and obscuring the organization’s true cash position.

Rosie, our bank reconciliation robot, is the result of our decades of collective experience in real estate business management, automation tools, and Robotic Process Automation (RPA). By giving the mundane work to the bot, our system saves you time and allows you to reengage your most valuable resource: your people. 

Here at REdirect, we are proud to be on the cutting edge of real estate technology and to offer unmatched knowledge, expertise, and professionalism in this space.