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Commodities firms are required to reconcile customer assets with the amounts in segregated accounts every day, and must report any shortfall to the C.F.T.C.
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"We don't have any more problems reconciling customer statements between accounting and the salespeople," says Tantalo Sr. Another bonus: Sales people don't have to drive all the way back to PCBB's headquarters every night to input orders.
And attempting to reconcile the divergent agendas of customers looking to park the babies in a kiddie pool with those for whom water is a substance rarely encountered outside a tumbler of Scotch was doomed.
The software has the intelligence to determine how data in one source (like customer names) are related to data in another (like customer transactions) and to reformat info to reconcile presentation differences (like a middle initial).
The split at the exchange simply reflected the different preferences of its customers.Big exchanges have to reconcile all sorts of differences between those who use them.
Inevitably, businesses need to reconcile disparate stakeholders' wants and needs (e.g. employees, customers, investors, government, suppliers et cetera).
Mr. Perna said, however, that the bank would take much of the rest of the week to reconcile its trades from last week to make sure that its records and those of its customers and their trading partners agree.
Store owners who used to manually reconcile register receipts with inventory can now print reports of best- and worst-selling products, and track customer information to offer discounts.
Only to reconcile.
Will they reconcile?
How did you reconcile?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com