RECON

Reconciliation Management System

Reconciliation Management System is an advanced application designed to seamlessly reconcile data across multiple banking software platforms, ensuring accuracy and efficiency in financial operations.

Features & Functionalities

• Automatically imports NOSTRO transactions from Core Banking Software and SWIFT.
• Automate transaction matching: Create custom rules to match CBS and SWIFT transactions, which makes reconciliation seamless.
• Besides auto, option is available for manual reconciliation.
• Reconcile large numbers of transactions quickly.
• Validations, reversal transactions, mid-rate, etc. options are available.
• Regulatory reports such as Unreconciled Total Summary, Unreconciled ST+LD Summary, Unreconciled ST+LD, NOSTRO Balance and Reconciliation Amount are available.
• MIS for internal usage.