Frontier Reconciliation Description
Many organizations still use manual or semiautomated processes to reconcile and certify, despite strict regulations regarding financial reporting. These processes can lead to operational inefficiency, errors, and a lack of visibility into numbers during certification. Frontier™, a comprehensive end-to–end reconciliation and certification solution from Fiserv, creates a complete account reconciliation picture across the enterprise that makes exceptions immediately visible and reduces manual intervention. Workflows automate labor-intensive tasks and ensure compliance to corporate and regulatory regulations. However, reducing errors and writeoffs is only one aspect of the equation. Organizations can reduce the need to do manual research or intervene during reconciliation. This will allow them to achieve significant efficiency improvements and lower operational expenses. It will also enable staff members to do more value-added work.