Account Reconciliations are a fundamental part of an organization’s period close processes, yet is often the most ignored in terms of challenging status quo. Many organizations still rely on spreadsheets to complete this arduous and seemingly low-value activity. In the foreseeable future, spreadsheets will remain a primary tool leveraged by Finance and Accounting to do what they need to do. However, is it efficient and effective when it comes to Account Reconciliations? Short answer – no.