From weakness to strength: Reengineering the reconciliation process
From weakness to strength: Reengineering the reconciliation process
2 Pages© ExlService Holdings, Inc. 2006-2013 Client A global insurance major operating in 130 countries Business case Poor controls in the reconciliation process led to a “material weakness” opinion from auditors. The client needed balance sheets reconciled and then someone to manage the ongoing process. Scope • Build reconciliation template • Account audit identifying discrepancies • Reconciliation process action plan • Pilot for outsourc
