Is Complacency the Enemy of Reconciliation Efficiency?

To misquote a well-worn proverb, the road to inefficiency is paved with good intentions. This seems to be the case, at least, for many reconciliation teams, which are failing to follow up on their well-laid plans to optimize and capitalize on opportunities within their reconciliations inventory. Building an inventory of global reconciliation activities is probably the most important step a team can take towards understanding the expectations and performance of its service. So, as intentions go, maintaining a catalogue of this kind is a pretty decent one. What’s more, in a new report by CEB TowerGroup, ”Avoid Complacency to Optimize Enterprise Reconciliation: An Assessment of the Global Market,” 70% of banking and capital markets technology executives claim to do just that.