Native SWIFT MX messages support and ISO 20022 Migration
Using ready-built SWIFT MT <> ISO 20022 mapping library reduces the risk, time and cost of an in-house implementation, allowing clients to start with a full set of high-quality SWIFT MT <> ISO 20022 mappings that are easily customizable. It is able to match new MX messages under ISO 20022 standards, with your internal records, identify discrepancies and exceptions, generate reports and alerts, and comply with regulatory requirements. Real-Time Progressive Reconciliations
It achieves a comprehensive and precise overview of transaction types, spanning various time zones and borders, instantly, enabling fast response and informed decision‑making. Enhance internal controls to ensure compliance with standards by real-time reconciliation with the ability to define the sequence in which the matching rules will be applied (one-to-one, many-to-one, and many-to-many). Automated Exception Management: Manage your exceptions proactively
Automate and control the entire exception management process, using rules for the efficient identification, tracking and resolution of transaction breaks. Unlike traditional models that only match a transaction once, leading to the same exception being reported twice, it is able to create a single view, of any exception or investigation state.
The solution monitors any exception at the trade level, combining all transaction activity and presenting both cash and securities in a single view. Risks can be reduced through the early detection of trading and settlement-related anomalies. A powerful AI-powered matching engine
It matches imported positions, transactions, internal and external statements, Nostro entries and balances based on specific rules, allowing tailored matching for different transaction types. It delivers the highest automated matching rates and ensures that any failed transactions are escalated, repaired and returned to the process flow.
Build automation into your Financial Close
Eliminate bottlenecks and bring accuracy, control and visibility to your account reconciliation and financial close processes, streamlining your entire operation. Dashboards & Analytics
It bridges the gap from all data sources and provides graphical, real-time insights into reconciliation and transaction management statuses, and a more accurate view of positions, eliminating manual efforts, across all regulations and systems ensuring compliance and transparency. It enables users to view and interrogate all real-time and historical data in the repository in a single consolidated dashboard.
Reports include: Matched and Unmatched items, Exception and Write off reports, etc
Payments Investigation and Case Management
It can automatically create a case from an incoming message and create the correspondence by automatically generating the response messages. It can automatically repair the messages based on the Swift rulebook and simplify the case investigation/Research by automatically capturing the respective data from different sources.
A fast, simple, alternative to fragile, complex and costly legacy solutions:
Improve business control & transparency
Improve control through dynamic business activity monitoring and real-time views of your operation.
Rapid onboarding
by automatically suggesting matching patterns for reconciliations, it enables non-technical users to build and test reconciliations without IT support
Improve efficiency and accuracy
across reconciliation and exception management while driving greater transparency across your entire process.
Maintain data governance, versioning and audit control,
data quality, and reporting through a single reconciliation solution that supports your specific needs.
Time and Cost Savings
Faster, more efficient automated reconciliation process which reduces operational costs and time and shrinks the time it takes for the financial close.
Empower business users
to control the handling of mismatches and rectify the reconciliation exceptions.