QuikRecon – Banks
Banking is perhaps one industry where proper reconciliation is of utmost importance. Owing to the enormous volume of transactions going through every minute and different data sources, timely and accurate reconciliation is quite often a challenge. The banking sector experiences a lack of visibility due to many single/ dual-purpose systems, manual reconciliations, and regulatory requirements. To reduce errors, save time, and obtain real-time data and reports, the sector needs a standardized, dynamic solution that can fully automate the reconciliation steps for banks, with clear visibility and granular level audits.
QuikRecon is one such solution. This reconciliation tool is designed specifically for banks that support and allows them to create their own match rules, however complex or simple, to perform reconciliation automatically as soon as the daily data is available. Financial positions and risks can be investigated and resolved in real-time.
Transaction processing systems to GL reconciliation
All documentation for transactional reconciliations securely and consistently with access from anywhere
Time spent on audits
Accounting and finance group morale by shifting away from manual processes
Completeness and acurracy across all financial data
Financial data in real time from single source of truth
Compliance through standardized,consistent processes and procedures
Governance for a stronger control environment
Maker checker
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