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Centralized vs. decentralized exception categorization

Question: 
What are the benefits of a centralized exception categorization strategy?
Answer: 

Allowing staff to develop and use their own exception categories can lead to exception tracking inconsistencies and reporting confusion. Developing and implementing a centralized strategy can increase the likelihood that exception categories will be used consistently and correctly.

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exception categories.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

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+1-678-966-0844

First published on 09/22/2024

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