Managing exception cases is directly proportional to achieving higher Straight Through Processing (STP) rates. If an automated enterprise integration could streamline the STP of an organization, an intelligent recon engine could equally upsurge the exception handling capacity.
Ascent AutoRecon© performs intelligent matching to report focused exceptions, which help reducing costs for an enterprises’ reconciliation operations. And this is possible due to careful planning, which we have started during our design phase itself.
The innovative reconciliation solution is fully configurable to define a process specific data source, pre-processing, grouping rules, matching rules, match combinations & iterations, recon status, embedded exception management, enterprise reports, managerial dashboards, custom user workbench based on any view dimensions, batch process jobs, schedules, real-time reconciliation & data loading/updates, transaction life cycle workflow, authorized accessibility & workflow, alerts & escalations, auditability and system traceability log dashboard.
For Nostro Debits-To-Mirror Credits & Nostro Credits-To-Mirror Debits, the exception screens will show the exception summary level report with Matched & Un-Matched transactions. The user can select a particular entry for viewing the exception details.