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Bank Reconciliation Software

Resolving Bank Reconciliation through AutoRecon©

Ascent AutoRecon© software is a first in the industry that is readily configurable, real-time and powerful reconciliation solution, which provides an end-to-end enterprise-wide scale-able solution to manage banking reconciliation and handle exceptions for complex business process in large and medium size banks.

Ascent AutoRecon© Banking reconciliation software helps in automatic matching in several areas of bank reconciliation, such as traditional bank reconciliation and reconciliation of foreign currency accounts, direct payments, cash, card terminals (Visa, MasterCard, Eurocard) and bank transfer.

AutoRecon incorporates Artificial Business Intelligence to deliver intelligent matching and exceptional volume performance, using high performing matching algorithms.

Automatic banking reconciliation simplifies your work processes, making them both faster and more accurate.

Some of the features of AutoRecon© Software are :

  • Ready to deploy and use for various business sectors like banking, hedge funds, investment managers, prime brokers, broker/dealers and custodians, retail and telecom
  • The Reconciliation Software integrates with almost any existing enterprise upstream systems and post trade processes
  • Provides robust and upgraded automated solutions with multiple matching rules, rules driven exception processing and automated follow-ups
  • Reduces manual effort, errors, risk and exposure
  • Replaces manual entry tools including, paper and spreadsheets
  • Offers traditional on-premise implementation, thus enabling the user to supervise and manage the reconciliation process in respective secure environment
  • Improves operational efficiency and visibility while reducing operational risk and ongoing operational costs
  • Avoids additional development effort through rich web based UI
  • Provides a unique platform to work only on valid exceptions through exceptions resolution work flow thereby ensuring timely and accurate break resolution

Solution Benefits

Mitigate Operational Risk

The Ascent copyrighted AutoRecon© reconciliation software empowers the organizations to take control of the transactional data with real-time and accurate reconciliations. Enterprise reporting provides real-time processing statistics to the stakeholders to help them manage and resolve breaks and take complete financial control.

Augmented Performance & Volume Scalability

AutoRecon© banking reconciliation software comes equipped with in-house researched and developed architectural model of optimized server utilization to reconcile millions of records in the least possible time and fashion.

Ascent AutoRecon© engine is cluster-able, a single recon job execution can distribute the load across the cluster nodes to optimally utilize the system resources. It is easily scalable to increased transaction volume and user base without re-deploying and extending the solution.

Fast and Simple Implementation

AutoRecon© software is easy to deploy and readily configurable for various organizations like hedge funds, investment managers, prime brokers, broker/dealers, custodians, clearing houses and depositories within UAE , Saudi Arabia, Oman, Bahrain, Qatar, Kenya and Malaysia.

This reconciliation software is ready to use as it is readily customizable (via configuration) and no development effort is needed as all customization is done through rich web based UI. It can be seamlessly integrated with the existing enterprise wide transaction management solutions and post trade settlement systems.

bank reconciliation software