Automating Bank Reconciliation and Enhancing Cash Visibility
0
%+
Transaction clearing rate
~463
Transactions processed through the automated workflow
About the Client
A renewable energy company with treasury operations spanning cash management, bank reconciliations, payment workflows, forecasting, and debt management across multiple entities and bank accounts.
Business Challenge
Key challenges to efficient and accurate bank reconciliation
1. Fragmented reconciliation process
Transactions across multiple entities and bank accounts required significant manual effort to route, match, and classify across different source files
2. Complex transaction routing
Financial and operational transactions had to be assigned to the appropriate entities using different identifiers and entity-specific rules
3. Time-intensive transaction matching
High transaction volumes made it difficult to efficiently distinguish cleared transactions from outstanding items, increasing manual effort and the risk of incorrect mapping
4. Balance integrity risks
Broken formula chains could affect the accuracy of the Bank Summary and reduce confidence in the company’s consolidated cash position
Strategic Approach
TresVista’s Solution: An automated reconciliation workflow with a live cash-position dashboard
TresVista developed an automated bank reconciliation solution that integrated multiple source files, routed transactions to the appropriate entities, performed multi-level transaction matching, updated balance chains, and surfaced exceptions for targeted review.
01
Integrated data workflow
Financial transaction data, operational transaction data, and bank activity data were consolidated into a standardized reconciliation workflow
02
Intelligent transaction routing and matching
Transactions were mapped to the appropriate entities and bank accounts using relevant identifiers and entity-specific rules, followed by multi-level matching
03
Automated exception management
Unmatched and unusual transactions were automatically identified and separated for structured review, allowing the team to focus on items requiring judgment
04
Embedded reconciliation controls
Validation checks were incorporated to preserve balance integrity, maintain consistency, and support audit-ready reconciliation outputs
05
Consolidated cash visibility
A live dashboard provided key cash metrics, reconciliation status, overall cash positions, and drill-down visibility across entities and accounts
TresVista Impact
98%+ Transaction Clearing Rate
Approximately 463 transactions were processed through the automated reconciliation workflow, with more than 98% successfully cleared. This substantially reduced the volume of transactions requiring manual reconciliation.
Before
100%
Baseline Effort
After
75%
Of Baseline Effort
18%
Execution effort:
~25% Efficiency gain in execution effort
Reinvested in higher-value analytical work.
Outcome
- Streamlined the reconciliation cycle by automating transaction routing, matching, clearing classification, and balance updates
- Reduced manual processing across the reconciliation workflow while retaining structured review for exceptions
- Improved balance integrity through embedded controls and validation checks
- Enabled faster and more informed cash-management decisions through a consolidated cash-position dashboard
Tools & Technologies
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