Banks can get away with their reconciliation process with any existing systems or methods. But, what matters more is having a solution with the right understanding of cash flow matching, exceptions and investigation cases.
Ascent AutoRecon© is a powerful reconciliation solution that stores all the transaction data through every stage of the transaction lifecycle, to improve financial control, increased compliance and full auditability.
The reconciliation engine of banking software is feasibly clusterable, where a single reconciliation job execution can distribute the load across various cluster nodes, thus ensuring optimal utilization of the system resources.
It is easily scalable to increased transaction volume and user base without re-deploying and extending the solution.