Case Study
Gateway Bank of Southwest Florida - Gateway Reduces Month-End Account Reconciliation Preparation Time
Gateway Bank of Southwest Florida - Gateway Reduces Month-End Account Reconciliation Preparation Time
Case Study: Gateway Bank of Southwest Florida Gateway Reduces Month-End Account Reconciliation Preparation Time by 50% Gateway Bank of Southwest Florida is a full- service bank. The Bank accepts deposits, makes loans and provides other services for the public. Its values are centered on personal service, uncompromised delivery, high ethical standards and a personal commitment to know customers and understand their expectations. The biggest challenge for the bank’s Finance Team was getting the most out of the time they had available to handle reconciliations. In some instances, processing all of the reconciliations manually using spreadsheets would take until the end of the month, while the close took only two days. To top it off, the auditors require timeliness with reconcil