The problem
Transactions arriving from the bank, the ERP and the collection systems were compared by hand at day-end or month-end, and tracing the source of records that did not match took days.
Finance
Financial Reconciliation System
Bank, ERP and collection records match themselves; whatever does not match is listed with the reason.
12,000 records matched daily
The architecture we built
Transactions from the three sources are gathered every night and brought into the same shape. Matching rules written in advance close the records that agree by themselves; the rest go to an exception list with the reason attached. Who made each match and when is kept on record.
The outcome
12,000 records a day are matched automatically and only the exceptions reach a person. Month-end reconciliation closes the same day instead of taking days.
12,000 records matched daily
Facing a similar bottleneck? Let's review your process together in 15 minutes.
Keşif görüşmesi talep edin