End-to-End Digital Overhaul Positions Leading Regional Bank for Growth
End-to-end digital transformation drives 250% growth in accounts and significant operational improvements for a regional bank.
Altimetrik helped a large regional bank achieve over 99% GL reconciliation accuracy by automating finance operations using intelligent automation and an agentic AI-led approach.
GL Reconciliation is a critical finance controller function that ensures balances in the bank’s General Ledger (GL) align with underlying sub-ledgers and source systems such as deposits, loans, and payments. The client supported 28 products with 2000+ GL accounts, all requiring daily reconciliation to ensure financial integrity, regulatory compliance, audit readiness, and timely financial reporting.
The client’s GL reconciliation function faced multiple operational challenges:
A domain-led transition was executed mitigating any possible risks deploying staggered migration of products and a structured ramp-up approach.
Key solution components included:
The solution demonstrates how Digital Operations Transformation and Intelligent Automation can help improve process efficiency, accuracy, and operational resilience in finance operations.
An automated and governance-driven reconciliation approach supported and standardized critical workflows, enabled automation for data sourcing and matching, and cleared significant backlog volumes. This improved process quality to >99%, strengthened reporting readiness, and enhanced operational resilience for a large bank
End-to-end digital transformation drives 250% growth in accounts and significant operational improvements for a regional bank.
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