Reconsyde

Integrate. Reconcile. Analyze

Offering Concrete Reconciliation
& Data Management Solutions

A comprehensive PaaS based Reconciliation and Data Management platform providing seamless amalgamation of various external systems and data into an integrated ecosystem.

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Digitization of Global Banking System:
Boon and Bane Together

The digitization of the global banking system has undoubtedly brought numerous advantages, yet it has also introduced a complex landscape that presents unique challenges in the realm of reconciliation.

As financial institutions embrace innovative technologies and interconnected systems, the sheer volume, velocity, and variety of digital transactions have made reconciling accounts and ensuring data accuracy a daunting task.

The intricate nature of this digital ecosystem demands sophisticated reconciliation solutions capable of navigating diverse data sources, detecting anomalies, and providing real-time insights, enabling banks to maintain trust, compliance, and operational efficiency in this dynamic digital era, not to mention the savings on cost.

Benefits of Reconsyde

Accuracy and precision

Quick automation of business processes

Saves on time and resources

Reduces losses created due to human errors

Compliance and risk mitigation

Actionable Insights

Being notches different
with Analytics

While there are several reconciliation offerings in the market, Reconsyde transcends over them by providing powerful and insightful analysis of the data, enabling businesses to spot areas of improvement and take well-informed decisions.

Reconsyde’s comprehensive visualization representation employs charts, graphs, and heatmaps to distil intricate data trends into easy graspable insights. By meticulously tracking pivotal Key Performance Indicators such as reconciliation completion rates, outstanding items, and error ratios, this platform empowers companies to gauge their performance vis-à-vis established targets.

The platform adheres to regulatory frameworks and internal protocols through specialized compliance-centric dashboards. This way, it adeptly navigates the financial non-compliance arena and mitigates the risks. Also, its notifications to companies on high-priority exceptions, which includes unmatched transactions and discrepancies, facilitates in prompt and effective resolutions.

Our Solutions

Analytics

Emerging as a powerhouse for extensive data analytics. Beyond reconciling accounts, it harnesses the richness of transactional data to provide deep analytics in areas such as sales and collections. With its rich data visualization tools, it presents complex data in intuitive dashboards and reports, offering a panoramic view of an organization's financial health.

This multifunctional platform thus becomes an invaluable asset for businesses, transforming raw data into strategic intelligence that drives informed decision-making and optimizes financial performance.

Reconciliation

This innovative system streamlines the complex process of matching vast volumes of data across diverse transactions, ensuring they are accurate and correspond with each other. Leveraging advanced algorithms and machine learning, the platform can swiftly identify discrepancies, highlight anomalies, and suggest corrective actions, significantly reducing manual effort and the risk of human error.

This robust solution not only ensures compliance with regulatory standards but also enhances operational agility, making it an indispensable tool for finance professionals seeking to optimize accuracy and productivity in their reconciliation processes.

Data Management

An automated reconciliation platform revolutionizes data management by centralizing, organizing, and securing vast amounts of financial data drawn from various sources. This robust system facilitates the seamless integration of data, regardless of format or source, creating a unified repository that ensures data integrity and consistency. Its sophisticated processing capabilities allow for the automated cleansing, classification, and archiving of data, reducing inaccuracies and redundancies.

The platform's advanced security protocols safeguard sensitive information, ensuring compliance with data protection regulations. Additionally, it supports scalable storage solutions, adapting to the growing data needs of the business.