Case Study: Université Laval achieves 10x faster bank reconciliation with Fourwaves

Université Laval speeds bank reconciliation 10x with Fourwaves

Université Laval's finance department faced a significant challenge with slow and manual bank reconciliation due to its organizers using fragmented e-commerce tools that did not integrate with its central accounting system. This process, managed by Financial Operations Coordinator Michelle Dufour, was time-consuming and created risks for errors. To solve this, the university implemented Fourwaves conference management software and its payment gateway.

The Fourwaves solution provided a centralized finance dashboard, custom approval forms for compliance, and real-time transaction reporting. This created a secure and automated workflow, replacing manual data entry. As a result, Université Laval achieved a 10x faster bank reconciliation process, significantly reducing the time spent on revenue recognition and improving financial governance.

Université Laval