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Account Reconciliation
Quick and Efficient Daily Reconciliation
Daily reconciliation ensures the quick identification of fraudulent activity. To accomplish this and to complete other reconciliation steps more efficiently, we offer a variety of reconciliation tools.
The most cost-effective and efficient method of reconciling your accounts is by using a daily data feed of transaction information from the bank to perform reverse positive pay reconciliation internally. A variety of tools are available to accomplish this.
- Our Partial Reconciliation Service provides a data transmission of cheques presented to the bank over your designated period of time (i.e. semi-monthly, monthly etc.).
- Our Full Reconciliation Service matches your issued cheques to cheques presented to the bank over your designated period of time (i.e. semi-monthly, monthly, etc.).
- Our positive pay service, Disbursement Auditor, includes daily reconciliation, as well as fraud prevention through daily notification of cheques presented to RBC Royal Bank that did not match your outstanding cheque file.
We will work closely with you to determine the most appropriate combination of reconciliation tools for your business.
For more information about how Account Reconciliation or any of our cash management solutions can benefit your business, contact us.
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