Point of Sale
Ascent AutoRecon© is a readily configurable, enterprise-wide, scalable, real-time, end-to-end automated reconciliation software solution for financial control. It can be easily customized for any business process and integrates with every enterprise’s upstream system for the transactional feed. It helps streamline reconciliation activities, removing the need for manual entries at different environments including paper and spreadsheets.
AutoRecon redefines the legacy operational processes that are practiced from years by automating the entire cycle of operations from Record to Report.Request a Demo
Proactive dispute and chargeback management helps business users make effective decisions to avoid penalties.Request a Demo
Provides an eagle-eye view to CXO’s providing real-time control dashboards about the entire reconciliation in a single view with touch points to drill down into details.Request a Demo
No need to run reconciliations from multiple vendors.Request a Demo
No coding required. Business users can configure data files, transform, reconcile and create dashboards and reports on the fly.Request a Demo
Advanced Features that modernize operational processes and manage the growing volume of complex data structures.
Significant resources required to perform reconciliation of complex data from multiple sources. The process was inefficient and was costing a huge amount of time and money to the bank.
Indeed, AutoRECON (An Automated Reconciliation Software Suite) comes equipped with built-in readers that can handle 80% of the file formats commonly used in the industry. It supports a variety of file formats, including SWIFT, CSV, Fixed Length, Pipe Separated, Text, Excel, XML, and Structured PDFs.
Yes, the system comes with a pre-designed user interface that enables API configuration. This allows the system to communicate with external systems and retrieve data, which can then be read and processed by the AutoRecon software.
The system supports Force Match, Force Unmatch, Case creation, Suppress, and Undo suppress among other Post Recon operations.
Certainly, AutoRecon (An Automated Reconciliation Software Suite) has the capability to generate downstream files in various formats and seamlessly push them to external systems, as per the user's configuration. This helps in automating the downstream process and saves time and effort for Manual Intervention.
Indeed, AutoRecon has the capability to investigate individual records by assigning them to specific departments or organizations, along with a maker-checker workflow.
Yes, our system has an escalation matrix feature along with an email-triggering facility.
AutoRecon supports and can handle multi-currency transactions.
Yes, our system includes an inbuilt data validation functionality for cleaning, formatting, and other types of data validation. This can be used during the configuration of input sources, and it can be modified as needed on a one-time setup basis.
Indeed, AutoRecon has the ability to provide Age-wise break-up of exceptions/outstanding transactions.
Our system includes an escalation matrix feature and can trigger email notifications to relevant stakeholders in case of unresolved issues or discrepancies during the Reconciliation process.