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Reconciliations with Automation & AI

Leverage AI automation to match records, flag exceptions, and ensure accurate reconciliations every time.

TransBnk CIB

Core Reconciliation Functions

TransBnk CIB

Comparing 2 or more sets of data.

TransBnk CIB

Resolving discrepancies/exceptions.

TransBnk CIB

Identifying discrepancies/exceptions

Typical Reconciliations Cases

Bank Reconciliations

GL Reconciliation

Payment Sub-Systems Reconciliations

TDS Reconciliation

MF  Reconciliation

Challenges in Reconciliation Traditional Vs New-Age

Traditional Challenges

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Changes in data format between systems.
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Integration with Multiple systems
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High Volume Transactions
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Multiple Party Reconciliations
TransBnk CIB

New Age Challenges

New models of partnerships
Constant changes to data formats being reconciled
API Integrations
Scale of Transactions-10x-100x.
Distributed Teams
Regulatory expectations

Reconciliation & AI

Predictive AI

matches based on past remediation actions.

Predictive AI

assignments to recon staff as well as identifying the right business remediation spoc.

Conversational AI

Chatbot for the recon/ops/collections on any information on the recon position or at transaction level.

High - Level Product Features

Features
Produccts
Formats
Excel, CSV, API based data, SWIFT, XML, JSON, Custom.
Integration
ERP, 3rd party, SFTP/FTP, Database, WEB Service, REST API.
Transformation
Pivoting/Joining, Complex Mathematical calculations, Data filtering, Data validation, Text Transformation.
Reconciliation
Multi - level, Multi - System, Many to Many, Tolerance, Combinational, Pattern matching, Probable Matching.
Exception Management
Exception allocation, Notification, Audit, Split Matching, Forced matching.
Analytics
Dashboards, Charts/Graphs, Configurable, Diagnostics, Historical Performance.
Reporting
MI reports, Summary reports, Configurable, Email Integrated, Detailed reports, Source Data reports.
Administration
Roles/ Privileges, Users & Groups, Maker Checker, Data Authorization, Dashboard Management, Configuration.