Ascent AutoRecon© is a SaaS level 3 maturity application, hence support multi-tenancy/ institutional Deployment. AutoRecon© can be implemented centrally at a Group/ Head Office Level and web-based access can be given to various other locations thereby effectively managing the tool through a shared service model
Reconciliation processing for the banking and financial services industry faces multiple challenges, including handling diverse reconciliations types and fluctuating transaction volumes that lead to escalating costs and manpower requirement. In such a dynamic market scenario, banks and financial services organizations face increasing pressure to improve efficiency and performance of reconciliation operations.
Our reconciliation platform for banks and financial services companies caters to multiple Lines of Businesses including Retail Banking, Commercial Banking, and Capital Markets. We provide services for any frequency reconciliation across multiple types of reconciliations. We enable the optimization of business processes for transaction matching, settlement of balances, dispute management, reporting, exception handling, and governance mechanism. Our business intelligence engine provides customized dashboards and client portals for monitoring and evaluating the reconciliation process as per the defined parameters.