Rising to the Challenge
Companies face a range of challenge regarding the reconciliation process, ranging from an inability to cope with volumes, to pressures from short timescales and inaccurate data. As experts in this field, we are well placed to provide the ideal solution with speed to implementation a key component as we work with your existing data.
?Companies suffer financial loss when differences are not identified and investigated in a timely or accurate manner. Third party claims are usually a major cost to a business, as they tend to be time critical, resource intensive and commercially sensitive.
In addition to traditional data feeds, The SMART system enables data capturing and document storage using mobile technology, making it extremely useful to those businesses in less technologically mature environments. The reconciliation, discrepancy and claims management mechanisms are automated, resulting in significant acceleration of processes, improving productivity, transparency, and data analysis.
Our state-of-the-art financial reconciliation software will help in streamlining your operation. Being cloud-based, it provides complete and transaprent access to data.
This method of automatically identifying images, collecting data and entering them directly into systems using mobile application (Android and IOS platform). Also, automatically saved and stored images as a supporting and reconciliation documents into the system.
System will calculate whether the reconciliation status is Balance (Matched), Overage or Shortage. And with our review and investigation tool that will determine the resolution of each reported discrepancy.
Process of comparing transactions you have recorded using internal record-keeping for financial accounts against monthly statements from external sources, such as a bank, credit card company, or other financial institution, to ensure that your account records agree with each other.
Customer will be able to submit claim through a portal designated to them. They can also able to see the progress of the claim submitted and at the same time can provided a feedback and their comments on a particular claim into the system.
Real time and streamline of data across the organisational structure.
A real time dashboards and reporting throughout the cycle to enable live status monitoring and provide MI reporting to higher management.