By Bill Kenealy

Despite being one of the most fundamental business processes an insurance company performs, reconciliation retains a relatively low-tech reputation. This seems especially true if reconciliation is held up against other core systems such as policy administration and claims systems, which have been the beneficiaries of much new technological blood in recent years. Even with new reconciliation technologies available, many companies cling to manual methods of assuring that correct and legitimate data is posting to their financial systems.

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