Supporting instant payments with advanced automation for reconciliations and investigations across payment rails
Smart Reconciliations – Advanced Payment Control provides financial institutions with a single, integrated solution to track, monitor, and investigate all payments. Highly sophisticated, it enables firms to streamline and optimise investigations and reconciliations, irrespective of the payment system used.
Advanced Payment Control offers a standardised way of working. Its pre-configured workflows allow the automation of large parts of the exception handling process, guiding users through the exception lifecycle and virtually eliminating the risk of errors occurring. These tailored workflows not only reduce the potential for error but also improve resolution times, leading to increased efficiency and reduced costs.
Sophisticated analytics provide valuable insights into the root causes of failed or investigated payments, empowering financial institutions to tackle problems at the source and better understand the level of effort required to deal with different exception types, payment systems, or correspondent banks.
