A large-scale Community Management firm based in Atlanta, Georgia. They manage more than 1,100 Homeowners Associations (HOAs) with over 200,000 units.
SCOPE OF WORK
Daily reconciliation of mid-volume bank accounts and validating auto-tick entries accuracy. Ensure timely posting of all bank items within the month to align with cash-based financials. The Bank Reconciliation Specialist is responsible for reconciling two hundred bank accounts daily and over 400 reserve bank accounts monthly.
Increased efficiency by 15% by automating steps of the process or standardizing the process steps, reducing the need for resolving unreconciled item queries.
Improved accuracy of reconciliation entries, leading to more reliable financial records.
Timely posting of all bank items, ensuring alignment with cash-based financials and facilitating better decision-making.
Effective Outsourcing Leading to BR Process Expansion and Month-End Financial Initiation for OHI.
If you are interested in knowing more about how OHI can help your organization, reach out for a customized cost-benefit analysis tailored to your needs.
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