Automatic collection reconciliation
The value added of the Piteco solution
For the Montenegro Group, implementing the Piteco solution streamlined large-scale retail collection matching and reconciliation processes, providing a significant improvement in operating efficiency. Indeed, the system is capable of reading hard copy documents, transforming them into movements and performing matching on multiple levels (amount, invoice number, date, etc.). Therefore, not only is accounting faster, freeing up resources and improving working conditions, but irregularities are also easily identified. Piteco system contributed towards building the day-to-day accounting process, computerising the reconciliation of collection flows and eliminating low value added manual activities.