Ascent AutoRecon© is a powerful reconciliation solution that stores all the transaction data through every stage of the transaction life cycle, to improve financial control, increased compliance and full auditability.
The reconciliation engine of banking software is feasibly clusterable, where a single reconciliation job execution can distribute the load across various cluster nodes, thus ensuring optimal utilization of the system resources.
It is easily scalable to increased transaction volume and user base without re-deploying and extending the solution.
AutoRecon© is SaaS Level 3 (on a scale of 0 to 3) maturity compliant where multiple customers are hosted on a single instances, deployed on a load-balanced farm of servers, with each customer’s data being kept in isolation.
The base reconciliation platform, on which AutoRecon© is build, has been tested on high end HP servers to process one million transactions with precise matching and focused exceptions in record time of 3 minutes, which is a benchmark in the industry with fourteen complex matching rules and all possible five match combinations (1-To-1, 1-To-M, M-To-1, M-To-M & Consolidated).
Following are different types of reconciliation needs of a typical Bank where AutoRecon© can help: