The Finance Headaches Episode 1 | The hidden cost of manual bank reconciliation

If your bank reconciliation still involves downloading statements and reviewing transactions line by line, you are spending skilled finance time on a process that should largely run itself.

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In this session, iplicit Solutions Consultant Catherine Thompson demonstrates how iplicit connects directly to your bank via live API feeds, pulling transactions in automatically every day - no imports, no waiting, no manual matching from scratch.

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You will see how intelligent matching rules work through the reconciliation for you, how to handle exceptions without leaving the reconciliation screen, and how automated workflow authorisations give you a clear approval process before anything is finalised.

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What this means in practice:

• Reconciliation that used to take half a day can take under five minutes
• Automated matching reduces the risk of human error as transaction volumes grow
• A live bank position you can trust throughout the month, not just at month end
• Full audit trail for every transaction and approval

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