Identifying Trade Breaks (Global Tier 1 Bank)

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Case Studies
29 July 2019

Introduction

An automated reconciling solution for a ‘MAFA’ (Management Accounts against Financial Accounts) process was provided which allowed our client to transparently capture, adjust and then identify the root cause thus allowing us to report on any identified differences.

The automation provided an easily-auditable solution that also allowed the process to be run on a daily basis (whereas previously the process could only be performed monthly), remove any error-prone manual solutions and allowed the 41 FTE that were assigned to the ‘MAFA’ process to focus on resolving the identified differences instead of running the process.

 

Challenges

  1. Process could only run monthly.
  2. Errors due to manual solutions being implemented.
  3. Process behind identifying the differences instead of running the process.

 

Solution

Automated Solution for a MAFA process (Management Accounts against Financial Accounts).

Capturing, adjusting and identifying the root cause.

Process ran on a daily basis.

All error was removed thus allowing to focus on identifying the differences instead of running the process.

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