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Mid-sized banks are being held to enterprise-grade expectations—precise reporting, strong controls, and real-time insight—while operating with far-leaner finance teams. Manual journals, spreadsheet-driven reconciliations, and after-the-fact reviews still consume significant time and talent, slowing close cycles and limiting visibility into performance.
At the same time, the pressure to modernize is accelerating. PwC research shows that nearly three-quarters of financial services executives believe a majority of today’s revenue streams are not future-proof, and 72% see their organizations as highly vulnerable to ongoing economic, regulatory, and technology shocks. These conditions demand finance functions that move faster, operate with greater confidence, and scale without adding complexity.
The banks gaining ground are not attempting to replicate large-bank operating models. Instead, they are modernizing where finance work actually happens.
Modern finance organizations are moving away from labor-intensive models built around periodic reviews and month-end heroics. In their place is an approach that emphasizes automated journal processing, embedded controls, faster close cycles, and continuous visibility into financial performance.
For banking leaders, the impact is often tangible: faster closes without adding headcount, greater confidence in reported results, and improved readiness for audits and regulatory reviews.
Modern finance organizations are moving away from labor-intensive models built around periodic reviews and month-end heroics. In their place is an approach that emphasizes automated journal processing, embedded controls, faster close cycles, and continuous visibility into financial performance.
For banking leaders, the impact is often tangible: faster closes without adding headcount, greater confidence in reported results, and improved readiness for audits and regulatory reviews.
In regulated banking environments, modern finance capabilities should be carefully calibrated to policies, controls, and supervisory expectations. Experienced advisors like PwC help confirm automation is applied in ways that align with governance requirements.
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