The Hidden Cost of Payment Reconciliation: Why CFOs Are Losing Millions in Manual Errors

Optimus Fintech launches industry-first report revealing how outdated reconciliation practices are draining profits - and how automation can reverse the trend.

Optimus Fintech, a leading provider of AI-powered payment reconciliation solutions, has unveiled a new industry report titled "The Hidden Cost of Payment Reconciliation." The report reveals a stark reality: enterprises lose millions annually due to manual errors, delayed settlements, and fragmented reconciliation systems - with nearly 40% of finance team time spent on error-prone processes. Check the link here: https://optimus.tech/product/payment-reconciliation

In an age where real-time payments and multi-gateway ecosystems have become the norm, the reconciliation process remains largely manual and reactive. This disconnect is costing companies not just in lost revenue but also in compliance risks, strained cash flow, and overworked finance teams.

"Reconciliation is the silent killer of finance productivity," said, CEO of Optimus Fintech. "While companies are investing in digital transformation across departments, reconciliation has been left behind - and the losses are adding up."

Key Findings from the Report:

62% of companies still use spreadsheets for reconciliation.

1 in 4 CFOs report material financial errors caused by delayed reconciliations.

Up to 0.5% of annual revenue is lost due to reconciliation-related inefficiencies.

80% of finance leaders admit their teams are underprepared to handle increasing transaction volumes.

Optimus Fintech's platform automates the reconciliation of payments across banks, gateways, and internal systems using AI-based matching, exception handling, and real-time dashboards. By eliminating manual intervention, businesses can reduce reconciliation time by up to 90% and improve financial accuracy dramatically.

The report calls for CFOs to rethink reconciliation as a strategic function - not just a back-office chore. As digital payments continue to surge, financial hygiene must scale accordingly.

Media Contact:
Optimus Fintech Inc.
1700 Montgomery St, San Francisco, California 94111

Amrit M
PR Manager, Optimus Fintech Inc.
marketing@optimus.tech
Website: https://optimus.tech.

Optimus Fintech is a reconciliation intelligence platform that helps finance teams automate, scale, and secure payment reconciliation across banking, gateways, and ERP systems. With AI-driven workflows and real-time visibility, Optimus is redefining financial control for fast-growing enterprises.

This release was published on openPR.