Amy P., a bookkeeper at a real estate company, manages high volumes of financial transactions, including time-sensitive wire transfers and loan payoffs. Prior to RynohLive, Amy faced challenges with manual bank statement reconciliations, which consumed significant time and often led to costly errors. The adoption of RynohLive transformed her workflow, enabling faster, more accurate reconciliations and reducing financial risks for the company.

• • Time-Consuming Manual Processes: Reconciling monthly bank statements took hours or even days, particularly when errors occurred.
  • Delayed Error Detection: Previously, undetected mismatches resulted in loan payoffs being missed, leading to poor customer service and additional financial costs, such as accrued interest.
  • Complexity of Transaction Monitoring: Manually tracking daily account activity for wires and payments was inefficient and error-prone.

Amy’s company implemented RynohLive to automate reconciliation processes, monitor daily transactions, and flag discrepancies in real-time. The integration with their financial software streamlined operations, saving time and preventing errors.

• Time Savings: Monthly reconciliations that once took hours or days now take only minutes, freeing Amy to focus on other tasks.
• Improved Accuracy: RynohLive’s ability to quickly identify unmatched transactions prevented costly errors and reduced customer complaints.
• Cost Savings: By detecting and addressing issues in real-time, the company saved money on interest payments and avoided reputational damage.
• Enhanced Monitoring: Daily transaction reports provided real-time insights, ensuring time-sensitive wires and payments were handled promptly.

Key Features Loved by Amy:

• Daily Transaction Monitoring: Real-time updates on account activity ensure that wires and payments are sent on time.
• Automated Reconciliation: Streamlined monthly processes save significant time and reduce manual errors.
• Error Detection: Identifies discrepancies quickly, preventing costly mistakes and improving customer satisfaction.
• Integration: Works seamlessly with existing financial software, enhancing workflow efficiency.

“Rynoh has really helped in multiple ways. It has freed up so much time that it previously took for me to manually balance our bank statements. The fact that it works along with our software and does the work for me is amazing. It catches the transactions that don’t match up, saving us both time and money. This program has definitely been life-changing for my work.”

Conclusion:
For Amy P., RynohLive has been a game-changer, revolutionizing her bookkeeping processes. By automating reconciliation, improving accuracy, and enhancing transaction monitoring, RynohLive has saved her company significant time and money while boosting customer satisfaction, making it an indispensable tool for financial management in the real estate industry.