Lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptatum maxime accusamus corrupti natus obcaecati vitae dignissimos, id officiis similique eos.

Contact Info

Reconciliation

Reconciliation is a specialized tool that automates enterprise financial reconciliation, reducing the need for manual intervention and enhancing security and governance by ensuring data consistency and accuracy across disparate environments. It identifies and resolves discrepancies efficiently, promoting compliance and reducing security risks.

How We help you to achieve the Reconciliation challenge?

Our comprehensive Four-Way Reconciliation approach ensures all financial and operational aspects of governance are aligned:

  1. Financial Reconciliation: Automates verification of billing against usage, preventing overbilling and reducing manual financial adjustments.
  2. Operational Reconciliation: Matches operational metrics against performance benchmarks, ensuring optimal resource function.
  3. Compliance Reconciliation: Conducts automated compliance checks to ensure regulatory adherence.
  4. Inventory Reconciliation: Ensures an accurate, up-to-date inventory of resources, supporting asset management and audit needs.

Advantages of Reconciliation

  • Enhanced Security: Automates proactive identification and mitigation of security threats.
  • Improved Compliance: Automates adherence to industry standards and regulatory requirements.
  • Optimized Resource Utilization: Reduces unnecessary spending through effective, automated resource management.
  • Faster Incident Response: Streamlines incident response for quicker resolution of security issues.
  • Enhanced Visibility: Provides insights into data usage and security posture.
  • Reduced Risk: Minimizes the risk of data breaches and other security incidents through automated consistency checks.

Reconciliation addresses these critical needs by

  • Mitigating Risks: Automates the identification and addressing of potential security vulnerabilities before they can be exploited.
  • Enforcing Policies: Ensures adherence to organizational security policies and industry regulations through automated checks.
  • Optimizing Resource Utilization: Identifies and rectifies resource misconfigurations that could lead to security breaches or cost overruns.
  • Improving Incident Response: Streamlines incident response processes, minimizing downtime and potential data loss.

Key Features

  • Data Connectors: Supports multiple file formats (e.g., Swift, ISO) and integrates seamlessly with various financial and operational networks.
  • Data Fusion Engine: Unified data integration and ETL with machine learning-powered auto detection for high-volume data handling.
  • Matching Engine: Customizable matching rules for versatile reconciliation scenarios.
  • Investigation & Resolution: Advanced audit trails and automated corrections with seamless incident management.
  • Reports & Analytics: Customizable reports, executive dashboards, and compliance reporting for better visibility.
  • Alerts & Notifications: Automated, contextual email alerts and scheduled notifications.