Exponential growth in transaction volumes, increasing data complexity, changing regulatory landscape, pressure to reduce processing time. These are some key challenges that enterprises face in the transaction reconciliation process.
While the next-generation reconciliation offering is expected to address all of these needs, increasingly enterprises are also looking for more economic and operational value-adds, along with the core reconciliation offering. Infosys Transaction Reconciliation System delivers just that.
Infosys Transaction Reconciliation System is highly comprehensive, providing end-to-end capabilities for managing the diverse reconciliation needs of an enterprise - right from source-loading to exception management and resolution. With its straight-through-processing capability, the system provides exceptional flexibility, scalability and performance. Its robust architecture caters to the growing needs of enterprises for transaction reconciliation, without having to compromise on performance, further translating to significant reduction in cost and turnaround time. It enables maximum automation as well as supports near real-time reconciliation.
Infosys Transaction Reconciliation System is applicable across industries and outside typical financial data reconciliations such as cash flows, Nostro/Vostro, stock, and depot. The versatile reconciliation system can be extended to handle complex reconciliation scenarios such as data integrity checks, post-migration in mergers and acquisitions (M&A) scenarios, reconciliation of online payments with credit card payments for retail outlets, account reconciliation for banks, and so on.
A Few Pre-Configured Scenarios
- Corporate Actions
- Accounts Reconciliation
- Migration Scenarios (Data Migration, Post M&A)
- Payments & Receipts
- ATM Transactions
- Inter-Bank & Inter-Branch
- Bank Guarantees
- Check Reconciliation
- Brokerage, Fees & Commission
- Income, Tax Reclaims & Payments
- Sweep-In & Sweep-Out Transactions