FIN2607. Digital Transformation: Modern Standards and Processes for Enhanced Financial Accuracy

Reconciliations remain one of the most critical—but inefficient—activities in accounting operations. Many organizations rely on inconsistent standards, legacy processes, and manual “heroics,” even as reconciliation technology has advanced significantly. The result is increased risk, extended close timelines, and unnecessary audit friction.

This practical, operations focused panel will walk through a modern reconciliation framework that aligns standards, processes, and enabling technology. Attendees will learn how to modernize reconciliation standards and workflows first, then leverage current and emerging reconciliation tools - such as automation, workflow management, and analytics - to strengthen controls, improve audit defensibility, and reduce effort. The session emphasizes how to use technology effectively, not which software to buy, and includes guidance for organizations at different maturity levels.

Learning Objectives:

• Identify the core elements of a modern reconciliation standard, including minimum documentation, review expectations, and system implications.
• Apply a practical risk tiering model to determine appropriate reconciliation rigor and guide automation prioritization.
• Choose a standardized reconciliation workflow that improves close predictability and control quality—with or without automation.
• Select operational and system enabled metrics that surface risk, reduce reconciling items, and drive continuous improvement.