How Automation With Custom Statement Processing Can Deliver Error-Free Financial Data Inputting

At Wakett, our mission is to deliver tailored automation that eliminates manual bottlenecks, ensures error-free financial data inputting, and gives financial firms the ability to operate with greater speed and precision. Indeed, our software has helped our clients automate and schedule custom statement processing using API technology for faster and more reliable results.

Here’s a recent example of how AUTOMAN, our automation platform, has helped a client simplify their internal accounting and middle-office operations.

Case Study 4: Scheduling Custom Statement Processing for Middle-Office Operations, Resulting in Error-Free Financial Data Inputting

One of the biggest challenges companies face when handling internal accounting is producing custom statements that require specific calculations and data conversions. This is because brokers and banks send reports in varying formats, and often at different times of the day.

All this was making consolidating everything difficult for one client, and often resulted in:

• Wasted valuable time,
• Increased risk of errors,
• Reduced performance, and
• Costly delays that slow down the business.

In other words, this firm needed a smarter way to manage its reports and keep its data accurate, while ensuring error-free financial data inputting.

Here’s How AUTOMAN Solved This Conundrum

To tackle these issues, we deployed AUTOMAN, our powerful data processing engine. This system was customised to our client’s specification and configured to schedule multiple tasks that could automatically collect, transform, and perform the calculations needed before producing custom-formatted reports for the accounting team.

With this setup in place, our client was able to:

• Save significant time,
• Reduce the risk of errors,
• Improve overall performance,
• Better manage workloads, and
• Implement provider statements with far less hassle.

Most importantly, the entire process was transformed into a streamlined workflow that guaranteed error-free financial data inputting, even when dealing with multiple data sources and formats.

Don’t Let Data Complexity Undermine Your Operations

For this client, automation meant gaining full control over internal accounting workflows without sacrificing accuracy. Scheduled custom statement processing gave them the confidence that every input, transformation, and calculation was managed with precision, ensuring error-free financial data inputting at every step.

So, if your firm is struggling with inconsistent data formats, delays, or the constant risk of errors, contact us today to discover how we can help you achieve error-free financial data inputting with Wakett’s automation solutions.