Ascent AutoRecon© architecture is designed to serve multiple customers in a single instance and this multi-tenancy feature makes the solution highly cost-effective. The system is built on SaaS Level 3 maturity model and is fully compliant to support multi-tenancy and in-premise deployment. In this case, the data of each tenant is kept in isolation and invisible to other tenants.
While exception transactions are demanding for flexible workflows, unexpected transaction volumes from multiple institutes are further compounding the reconciliation landscape. In this scenario, a third-party automated solution could be a better option to increase operational efficiency.
Ascent reconciliation software is a viable solution designed to simplify the reconciliation process of simple to complex upstream and downstream systems of business sectors like banking, finance, investment management and others.
In addition, AutoRecon© facilitates the back office operations with more efficient and agile functionality and reduces the cost of human resources (FTEs) and is flexible to quickly configure the solution for new reconciliation types.
It’s highly intelligent and powerful algorithms match enterprise-wide data of ATMs, Visa / Master Cards, Securities, Nostro / Vostro accounts, Wages Processing System (WPS), Fund Transfer System (FTS) and Issuer/Acquirer.
Ascent’s AutoRecon© leverages Source Analysis, Upstream Integration and Downstream Integration to offer comprehensive solution to multiple types of transactions.
Detailed study of data sources, enterprise integration, data file formats, data frequency, data structure etc.