Today, an increasing number of companies are outsourcing bank/credit card reconciliation services to skilled vendors. Adopting this strategy can help the business free its own precious resources and divert them towards more value creating tasks. At the same time, an expert like MOCISWORK ensures that the organization complies with all statutory and regulatory requirements

When you outsource bank / credit card reconciliation services to us, we conduct a detailed check to verify your internal financial records and transactions in order to detect discrepancies, if any, and to reconcile them. Also, since the reconciliation process provides details of your outstanding checks and any deposits in transit, we can help you conduct the requisite credit control activities.

Here is a list of the credit and bank reconciliation services that we offer:

• Reconciliation of your bank statements with your internal financial records
• Reconciliation of any credit card statements sent out to customers with your internal records
• Reconciliation of your General Ledger with vendor and buyer invoices
• Credit control services that help you monitor your customers’ accounts for any late payments – facilitates follow-up activities to recover overdue payments and improves your cash flow
• Partial reconciliation
• Full reconciliation

In this way, whether you are only looking for bank reconciliations services or also want to outsource credit control services, MOCISWORK can develop a customized solution that fits your exact needs.

Credit control outsourcing to MOCISWORK has many benefits.

These include:

• Robust data security measures that ensure your confidential data is safe – through the use of secure web servers, access-controlled workplaces, and non-disclosure agreements
• Increased financial control for due diligence of financial statements
• Reduction in administrative and accounting expenses
• Compliance with regulatory legislations like the Sarbanes-Oxley act
• Competitive pricing while providing assurance of optimum quality

MOCISWORK believes in getting an understanding of your overall business at the start of our relationship.

This helps us understand our role in your process and also helps us do significant value adds for you. When you outsource your requirements for bank reconciliation services to us, you can be assured of a superior solution that caters to your exact requirements.