Reconciliation

The task of carrying out daily reconciliation of all the legs of ATM transactions is stupendous and time-consuming, and in the absence of an automated reconciliation software, is fraught with human errors.

Multi-Way Transaction Reconciliation application offers complete automation of the reconciliation process for the daily ATM transaction feeds coming from multiple sources - ATM EJ (electronic journal) file, ATM Switch, GL from CBS (core banking system) and CBR (cash balance report) of cash management company. The reconciliation algorithm and file management capabilities built into the software allow a bank or service provider to settle discrepancies easily with other agents/banks that have networks. Further, Multi-Way Transaction Reconciliation safe-stores the entire transaction comparison process for future audit purposes.