Navigating the Reconciliation Challenge: Daily Process Automation Tips
January 29, 2025Third-party delivery service providers (DSPs), while helping transform the restaurant sector by boosting revenue and broadening the customer base, come with distinct financial reconciliation hurdles stemming from inconsistencies among delivery platforms, bank transactions, and point-of-sale systems. This requires restaurants to devise a process to efficiently and effectively reconcile this data daily, often involving resource-intensive reconciliations completed in Excel, where the majority of time is spent extracting and matching the transactions, with much less time spent on researching issues. Due to this, many restaurants are investing in solutions that streamline and automate the financial reconciliation process. Join Forvis Mazars and Trintech for an informative webinar as restaurant leaders recount their transition from manual to automated methods and share their experiences.
Learning Objectives
Upon completion of this program, participants will be able to:
- Identify opportunities and advantages/ROI associated with automating the reconciliation process and building a business case.
- Discuss automation strategy and the biggest considerations when implementing the strategy.
- Describe data bottlenecks and challenges, and identify measures that organizations can take to prepare for automating reconciliations.
- Recognize the insights gained from executing an automation strategy and the subsequent steps that can be taken.
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CPE Information
1.00 CPE Credit (pending approval)
One CPE credit (pending approval) in the Accounting field of study may be awarded upon verification of participant attendance, during live broadcast.
Who's This For
CFOs, COOs, finance and accounting professionals, and corporate systems professionals.
Prerequisites
Working knowledge of reconciliation process and monthly close process is helpful.
Delivery Method
Group internet-based. Each attendee must be logged in and answer the poll questions in order to receive CPE credit.
Refund Policy
There is no fee associated with this event.
Program Level
Intermediate
Recommended Field of Study
Accounting
Advanced Preparation
None
If you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at [email protected].
Forvis Mazars, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Presenters
Cheryl Levesque, Kelsey Davis - Corporate Systems Analyst II - Texas Roadhouse, Stephanie Sisel - VP of Operational Accounting - KBP Brands