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solution – reconcialition

Reconciliations tool

DESCRIPTION

Simplified financial reconciliations

No more tedious manual reconciliation processes or countless unmatched records. Our smart solution employs state-of-the-art algorithms and customizable parameters to ensure the highest level of precision while reducing the number of unmatched entries.

Discover the power of intelligent reconciliation today and how it can transform your bank’s back office operations.

Streamline your processes, unlock efficiency, and focus on what matters most – providing exceptional service to your customers.

Project Overview

Typical usage scenario

Our Intelligent Reconciliation Engine is designed to simplify the reconciliation process for your bank’s back office. It seamlessly imports Excel files and other formats commonly used in the banking industry, making it effortless to work with your existing data.

Once imported, the tool guides you through the field recognition. It identifies and matches corresponding fields, ensuring accurate data alignment.

To fine-tune the reconciliation process, the tool prompts you to provide parameters such as weight and thresholds. These parameters help customize the matching criteria according to your specific needs.

Once the parameters are set, the tool automatically processes all the data. It generates a comprehensive scorecard for each reconciliation, providing statistical insights to evaluate the quality of the matches. Additionally, you receive a detailed list of matched lines, allowing you to review and validate the reconciled data with ease.

For records that couldn’t be automatically matched, the tool presents a separate list of unmatched entries. It also provides a list of potentially matched or fuzzy lines, offering you the opportunity to manually review and match them based on your expertise.

Flexibility is key with our tool. You have the ability to adjust the parameters at any stage of the reconciliation process. This empowers you to refine the matching criteria, ensuring accurate results in subsequent reconciliation runs.

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      FuNCTIONALITIES

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      Reconciliation

      Compare 2 transactions (or other) files, generally one internal and the second external

      Screenshots