Speeding up a Manual Process Helps Cornell Recover $100,000
July 02, 2026
July 02, 2026
ITHACA, New York, July 2 -- Cornell University posted the following news:
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Speeding up a Manual Process Helps Cornell Recover $100,000
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Every year, Cornell's bank account receives hundreds of wire transfers and ACH payments that arrive without enough information to route them anywhere. No invoice number. A vague or abbreviated vendor name. No department code. The money lands in a generic General Ledger holding account and sits there, . . .
* * *
Speeding up a Manual Process Helps Cornell Recover $100,000
*
Every year, Cornell's bank account receives hundreds of wire transfers and ACH payments that arrive without enough information to route them anywhere. No invoice number. A vague or abbreviated vendor name. No department code. The money lands in a generic General Ledger holding account and sits there, . . .