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.
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.
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.
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.