Reconciliation: The multi-million pound impact on the insurance industry

Reconciliation is a vital component of any organisation’s accounting practices, and insurance companies are no different. But with an often extensive list of approved and one-off suppliers and legacy payment systems to contend with it can be an extremely costly, time and resource intensive process.

New research conducted by Optal in association with Mastercard reveals the size of this burden and the ways insurance firms are increasingly looking to improve and automate reconciliation.

Download this three page summary to find out more.