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Risks of using spreadsheets for exception tracking

Question: 
How can tracking exceptions in spreadsheets increase risk?
Answer: 

Spreadsheets involve manual data entry, which makes it difficult to ensure accurate exception data and reports. In addition, exception information in spreadsheets can be accidentally overwritten by other users, which further reduces the reliability of a financial institution’s exception reporting.

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Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

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+1-678-966-0844

First published on 10/01/2023

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