For financial advisory firms, bank reconciliation automation projects typically range from $3,500 for foundational setups to $10,000+ for complex integrations across multiple custodians or CRM platforms. Your specific investment depends on the number of accounts, transaction volume, and the complexity of integrating with your portfolio management system or general ledger. We provide a fixed-price proposal after a free systems audit, ensuring transparency.
We begin with a deep dive into your firm's current bank reconciliation workflows, analyzing how you process cash transactions from various custodians and integrate with your general ledger or portfolio management system. This allows us to design a custom automation solution tailored to your specific account structures and reporting needs.
Our team builds the automation, configuring it to automatically pull transaction data from your bank and custodian feeds, match it against your internal records, and identify any discrepancies. We ensure seamless integration with your existing accounting software, CRM, and portfolio management systems like Orion or Black Diamond.
We rigorously test the automated reconciliation process with your historical data to ensure accuracy and reliability, catching any edge cases before deployment. Finally, we provide comprehensive training for your operations team, empowering them to manage the new streamlined reconciliation process efficiently.
Book a free systems audit. We will map your current workflow and show you exactly what can be automated.
Book a Systems Audit