Online settlement pilots expect to generate 'dramatic' savings
Axa and Norwich Union are currently piloting their own online account settlement schemes with select...
Axa and Norwich Union are currently piloting their own online account settlement schemes with select brokers including Stuart Alexander and Layton Blackham. If introduced more widely, online reconciliation could do away with the laborious exercise of crossing through lists with a ruler and pencil commonly associated with reconciliation of accounts.
The potential savings of this, according to Stuart Alexander managing director Stuart Reid, are 'dramatic'. Terry Smith, financial controller at
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