Industry

Mid-Market Banks

Through working with over 50 financial institutions we realize how important having a lean and optimized back-office and operations function is, in contrast to the gap that currently exists with large enterprise systems being used by most institutions today. We’ve specifically built our automation platform to support small to medium sized banks with small operations teams that are resource conscious.

Reconciliation Challenges Facing Regional and Community Banks

Lack of Time

Small operations and treasury teams understand that time is their scarcest resource. Automation via IT bears high time costs, pushing teams to Excel, but that’s not fast enough either.

Unstructured Data

Branches and sales teams still rely on paperwork, emails, and PDFs. Reconciling these against digitized balances, transfers, and other reports eats up scarce resources.

Systems Costs

Automating reconciliation processes or updating existing reconciliations can demand budgets that your team can’t justify on a month-to-month basis or for low-volume workflows.

How Boagent Helps Mid-Market Banks Solve Recon

Creating a new reconciliation takes as little as a few minutes, or a few hours, with very little hands-on work, thanks our powerful AI.

Full data automation toolkit parses scanned PDFs, native PDFs, and emails for you to quickly reconcile data without data entry.

Affordable pricing that scales with you and full no-code automation help you justify one-off reconciliations and low-volume automations in cases where you may have reached for Excel.