Propelsum - Data Reconciliation

Data Reconciliation software

Fully automate large data transformation, reconciliation, calculation, and reporting

Introducing Data Reconciliation software

Propelsum- Source data feed

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
Propelsum- Data transformation
Propelsum- Rules and Logic

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 
Propelsum- Reconciliation scenarios
Propelsum- Exception management

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
Propelsum- Reports and Analytics

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

Get the right Data Reconciliation software to improve your Data Reconciliation capabilities