The bank is a full service financial institution offering banking, investments, life & health insurance, pensions, and real estate services, with an outstanding history and reputation for leading innovation.
As part of their transformation project, the bank was looking to adopt an automated reconciliation solution to increase productivity, efficiency and accuracy, and as such they opted for Validata’s V-Conn to assist them in automatically producing the financial reconciliation reports in order to achieve a quick and successful reconciliation.
V-Conn is a native T24, automated ETL validation solution, featuring smart multi-value and sub-value processing with scalable and incremental data uploads configurable and complex selection conditions and visual metadata editing. V- Conn achieves to avail the data faster than any other solution, thus enabling clients provide on-time regulatory and operational reporting.
V-Conn makes reconciliation simple by providing a portfolio of pre-defined reconciliation reports for every migration step i.e. Extraction, Transformation, Validation and Loading. Additionally, it is bundled with a number of financial reconciliation reports. The tool leverages a reconciliation engine and reconciliation report writer that enables Business and IT to define new reports as necessary, simply, without coding and thus dramatically reducing time and costs comparing to traditional solutions, custom made reconciliation programs and manual reconciliation.
The bank will leverage Validata’s methodology, to complete their financial reconciliation on time and within budget, optimise the business risks and enable the management to make a positive decision for the go-live.
Vaios Vaitsis,
Founder and CEO of Validata Group said, “We are pleased to have been chosen for this migration project. Our advanced technology and domain knowledge gave the client the confidence that we have the necessary experience to support them through the challenges they were facing.”
