Providing flexible self-service for business end users, comprehensive trend analysis for match rate optimisation, plus exception reduction and model choices for each reconciliation. These advantages allow financial institutions to reduce operational overheads, as well as to shape the solution easily, in an innovative way, thereby positively contributing to business success.
Incoming regulatory initiatives are obliging institutions to perform greater numbers of reconciliations and are increasing the complexity of the data they must handle. Non-regulatory reconciliations are on the up, too, with firms carrying out more reconciliations between internal systems.
To promote efficiency, reduce overheads and to better control risk, financial firms are seeking a single tool to manage all reconciliations across the organisation. Companies are keen to respond to regulatory change but without the need for time-consuming, expensive IT projects. In addition, they want a flexible system which gives business users greater independence, reducing reliance on overstretched delivery teams and keeping costs down. Firms must respond to these challenges while ensuring that operational overheads do not spiral out of control.
Smart Reconciliations Premium is a single, reconciliations agnostic solution. It incorporates industry best practices inpre-configured business processes for multiple reconciliation types, creating a highly scalable transaction processing environment, flexible enough to cope with changing market and regulatory demands.
