According to PwC, 30% of financial teams' time is spent on manual reconciliations and data collection.
That equates to more than 520 hours per year, and in some companies, the figure can double or even triple.
Now the key question:
Is that the best use of your company's financial talent?
While the financial world talks about strategy, financing, and growth, many teams remain stuck reconstructing information that should have been ready from the outset.
And the problem isn't just time.
- 3.6% of invoices entered manually contain errors.
- About 18% of companies report error rates between 5% and 10% in their payments.
Small mistakes → major rework → stressful audits.
How to reclaim time without increasing structure
The most mature financial teams are migrating toward a simple principle:
➡️ Financial infrastructure is not a technological luxury; it is a control mechanism.
✔️ Integrate banking data
✔️ Ensure traceability
✔️ Operate with complete information
Not only does it reduce risks, but it also allows your team to focus on strategic decisions and prepare the company for growth.
At Tesote, we build financial infrastructure software deployed as a managed service, so teams can stop chasing data and start using it.
The question is not whether your company has processes.
The question is:
➡️ What kind of controls does your finance team use to ensure your numbers are accurate?
Learn how to optimize your financial processes and reduce risks with Tesote.
