Save hundreds of working hours for developers, managers and accountants for the reconciliation process
The company has 2 counterparts that send transaction reports in CSV files over email every day. Each daily report consists of thousands of lines with transaction details. About a million transaction lines from the counterparts per month. Now the company wastes 8 working days of the employees monthly for the reconciliation with continuously several human-mistakes during the process.
As a result, wasting time for investigation and reporting of deviations and waste of money.
A cloud-based solution which automates the matching and reconciliation of transactions across multiple data sources.
The best for banks, payment service providers, electronic money, remittance, currency exchange and other businesses.
Built on the Universal Financial Industry Standard ISO 20022.
Automated ISO 20022 data standardization including payment transactions, securities trading and settlement information, credit and debit card transactions and other financial information.
Automated Import & export procedures, data parsing, comparison, matching, data encoding and anonymisation. Save the significant time of your team, exclude investigation and reporting of deviations.
Add any counterparty report or data source in any format (CSV, JSON, XML or direct contact to the DB).
Manage access to the generated reports to colleagues and counterparties.
Get data visualisation to find insights. Daily digests highlighting key matching events, alerts and notifications.
Security is baked into everything we do, including data storage and handling procedures that are SOC 2 accredited and ISO 27001 certified.
- Connect company’s data sources to the service (CSV, JSON, XML or direct contact to the DB)
- Add any counterparty report or data source in any format
- The table illustrated the differences between the two spreadsheets.
- The full detailed reconciliation report with all mismatches detected for manual matching
- Visualization of the report - the easiest way to explore the insights and detect anomalies
- Manage access to generated reports to colleagues and counterparty (share & collaborate)
- Secured long-term storage for all company’s data and reports
Pay-as-you-go model. Low transaction volume. Scale-up according to your growing needs. Low-speed processing.
Transparent flat fee. All popular data sources. Medium transaction volume. Medium-speed processing.
High-transaction volume. High-speed processing. Unlimited data sources and attributes .
ISO 20022 is a multi-part International Standard prepared by ISO Technical Committee TC68 Financial Services. The standard describes financial information transferred between financial institutions that includes payment transactions, securities trading and settlement information, credit and debit card transactions and other financial information. Organizations participating in ISO 20022 include SWIFT, Visa, Ripple, FIX Protocol Limited, ISDA (FpML), ISITC, Omgeo. By 2025, 80 percent of global high-value payment volumes will use ISO 20022.