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Manual Exception Reporting vs. Automated Alerts

Question: 
What are the tradeoffs between manual and automated exception reporting workflows?
Answer: 

Manual exception reports are typically pulled from a bank's core system and manipulated in Microsoft Excel. Although no additional software is required, this approach can be inefficient, time-consuming, and lead to data oversights. By contrast, some exception management systems automate the exception reporting workflow and automatically send users daily or weekly exception reports with no manual data entry.

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Continue reading about exception management.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 10/04/2020

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