Data Reconciliation software
Fully automate large data transformation, reconciliation, calculation, and reporting
Introducing Data Reconciliation software
Source data feed
- Fully automated raw data feed to system
- SFT, API, Web service based integration
- Provision to manually upload data files
- Multiple file formats –XLS, CSV, SWIFT, XML, JSON, OCR, Custom
Data transformation
- Data clean up with configurable validations
- Data enrichment, filtering and transformation
- Data pivoting and joining logics
- Complex formulae for payout/commission calculation
Rules & Logics
- Standard and user defined rules & logics
- Multi-level and Multi-system logics
- Many-to-many and multi-field reference matching
- Probable, combinational and pattern matching algorithms
Reconciliation scenarios
- GL/SL, Vendor & bank reconciliation
- Collections, payments, AR & AP reconciliations
- Inventory & Fixed assets reconciliation
- E-Commerce and payment gateway reconciliations
- Tax and other reconciliations
Exception management
- Exception allocation
- User defined tolerances
- Forced matching
- Split matching
- Transaction audits
Reports & Analytics
- Configurable dashboards for users & management
- Detailed and summary reports
- Report scheduling and auto email
- Notifications and reminders
- Historical performance logs & diagnostics
Extensive features
Highly scalable and secure
User roles, privileges & grouping
Workflow management
Maker-checker authentication
Data authorization
Configuration management
Web-based solution
SaaS and License offering
Do you need a Data Reconciliation software?
Yes, if you face any of the following challenges;
Very large volume of customer, vendor transactions across multiple collection and payment systems
Non-standard input data sets from different sources, data processing approach by multiple teams resulting in significant variations
Manual reconciliation process, difficult, time consuming and prone to errors
Dependency on expensive dedicated resources from multiple teams to process large volumes of transactions on regular basis
Security & data sanctity risk due to dependency on unsafe tools like spreadsheets to consolidate, validate, clean up, & process data
Manual & complex processes lead to slower transaction processing, and higher customer, vendor, partners wait time
How does an Data Reconciliation software help?
Reduced reconciliation process time & faster time to report
High efficiency & scalability with reduced resources
Accurate results with fully standardized and automated process
Increased compliance with faster and accurate reporting