Northway Bank - Growing Bank Goes Paperless and Gains Productivity, Consistency and Accuracy With Automated Reconciliation and Certification
Northway Bank - Growing Bank Goes Paperless and Gains Productivity, Consistency and Accuracy With Automated Reconciliation and Certification
4 PagesCase Study Northway Bank Growing Bank Goes Paperless and Gains Productivity, Consistency and Accuracy With Automated Reconciliation and Certification Northway Bank found itself trapped in a paper-filled and unproductive reconciliation process that took too much time and offered little visibility into the numbers. With FrontierTM Reconciliation from Fiserv, Northway Bank accelerated the reconciliation process by 60 to 75 percent, with full audit trails. Reconciliation was draining productivity and confidence in data accuracy at Northway Bank in New Hampshire. For daily reconciliations, three people using Excel spreadsheets were dedicating a total of 12-15 hours every day to manually reconcile transactions for the 16-branch bank. Monthly and quarterly reconciliations a
