Resolving Banking Reconciliation through AutoRecon©

Ascent AutoRecon© software is a first-of-its-kind in the industry!

A readily configurable, real-time and powerful reconciliation solution, it provides end-to-end, enterprise-wide, scalable solutions to manage banking reconciliation and handle exceptions for complex business processes in large and medium-sized banks.

Ascent AutoRecon© helps automatic matching in several areas of banking reconciliation, including reconciliation of foreign currency accounts, direct payments, cash, card terminals (Visa, MasterCard, Eurocard) and bank transfers.

AutoRecon© incorporates Artificial Business Intelligence and uses high-performing matching algorithms to deliver intelligent matching and exceptional volume performance. It thus simplifies your work processes, making them faster and more accurate!

Star features of AutoRecon©:

  • Ready to deploy and use across various business sectors, including banking, hedge funds, investment managers, prime brokers, brokers/dealers and custodians, retail and telecom
  • Integrates with almost any existing enterprise upstream system and post-trade process
  • Provides robust and upgraded automated solutions with multiple matching rules, rules-driven exception processing and automated follow-ups
  • Reduces manual effort, errors, risk and exposure
  • Replaces manual entry tools, including paper and spreadsheets
  • Offers traditional on-premise implementation, enabling the user to supervise and manage the reconciliation process in their respective secure environment
  • Improves operational efficiency and visibility while reducing operational risk and ongoing operational costs
  • Avoids additional development effort through rich web-based UI
  • Provides a unique platform to work only on valid exceptions through exceptions resolution workflow, ensuring timely and accurate break resolution

Software Benefits

Mitigate Operational Risk

Ascent AutoRecon© empowers organizations to take control of transactional data with real-time and accurate reconciliations. Enterprise reporting provides real-time processing statistics to stakeholders to help them manage and resolve breaks and take complete financial control.

Augmented Performance & Volume Scalability

AutoRecon© comes equipped with in-house researched and developed architectural models of optimized server utilization to reconcile millions of records in the least possible time.

The Ascent AutoRecon© engine is cluster-able ­­– a single recon job execution can distribute the load across cluster nodes to optimally utilize system resources. It is easily scalable to increased transaction volume and user base without re-deploying and extending the solution.

Fast & Simple Implementation

AutoRecon© is easy to deploy and readily configurable for various organizations such as hedge funds, investment managers, prime brokers, brokers/dealers, custodians, clearing houses and depositories within the UAE, Saudi Arabia, Oman, Bahrain, Qatar, Kenya and Malaysia.

This reconciliation software is ready-to-use, as it is readily customizable (via configuration) and no development effort is needed as all customization is done through rich web-based UI.

It can be seamlessly integrated with existing enterprise-wide transaction management solutions and post-trade settlement systems.

AutoRecon©: Flexible & Scalable Next Gen Solution

Banking and Financial industry need reconciliation – special case administration arrangements that can be scaled up to deal with the expanded value-based volumes and incorporate with complex upstream and downstream frameworks of back-office tasks & operations.

Ascent AutoRecon© is a cutting-edge venture application, which helps in accomplishing the most abnormal amount of Straight Through Processing (STP), amid the total life cycle of record compromise. Its exceptionally configurable nature diminishes the timeframe taken to go Live and Implement distinctive & complex reconciliation modules.

It underpins increased execution requests of managing an account reconciliation, by displaying high versatility in the regularly changing business dynamics.

AutoRecon is a based on high performing reconciliation stage and can productively deal with the differing information pre-handling, information approval, information enhancement, reconciliation, special case administration, venture revealing, downstream data stream, chance vault, documenting, auditability and monetary control needs of any small /medium /large establishments.