ITS account reconciliation system is a one of a range of specialized products offered by ITS, such specialized products complement and form a complete banking solution that caters for all the needs of the bank.
ITS-Reconciliation is the most widely installed solution for multi-product reconciliations and exception management in the world. ITS-Reconciliation solution has been at the forefront of transaction management throughout the past 30 years.
ITS-Reconciliation is a comprehensive, rich functionally, modular solution that addresses each individual area of transaction reconciliation and investigation. The ITS-Reconciliation modules are SWIFT Ready Gold accredited and have been architected to increase straight through Processing (STP).
ITS-Reconciliation can handle all financial instruments, facilitating the management of risk and liquidity on an enterprise wide basis.
ITS-Reconciliation is available on multi-platforms, allowing it to meet all transaction processing requirements, irrespective of the size of the financial institution and transaction volumes.
The great strength of the ITS-Reconciliation product range lies in the integration of its applications providing complete transaction management control. The full product range provides advanced functionality for the reconciliation of cash transactions, securities messages and confirmations, in addition to exception management and intra-day reporting.
Designed to provide comprehensive functionality and optimal flexibility, ITS-Reconciliation modules are easy to integrate into existing infrastructures yielding instant improvements in processing efficiency.
- An accurate view of the business
- Audit and control compliance
- Faster, more accurate processing
- Continual improvement of operational efficiency
- Pro-active risk management
- Quick ROI
- Reduce support costs
ITS-Reconciliation is the driver to improved Transaction Management Process. ITS-Reconciliation ’s operational infrastructure has been architected as a comprehensive end-to-end processing package that provides companies with the ability to manage and monitor all financial transactions.
- ITS-Reconciliation has comprehensive functionality for the reconciliation and exception management of all financial transactions, delivering complete transaction management control and optimized risk management
- ITS-Reconciliation can reconcile transaction data in any format from any source, integrating silo-based structures to deliver complete transaction visibility and control
- ITS-Reconciliation enables exceptions to be resolved pre- as opposed to post settlement, delivering pro-active risk management to drive down an organization’s risk exposure
- ITS-Reconciliation is modular, flexible and highly scalable. It can handle both small and large volumes of data (up to 60,000 transactions per minute)
- ITS-Reconciliation 's unbeatable matching functionality delivers match rates in excess of 90%, helping achieve optimum STP rates.
- All ITS-Reconciliation modules work with a single integrated database, delivering a single point of access for transaction information and complete audit trails for all transactions.
- ITS-Recon is reliable and proven over a sustained period
- ITS-Recon is SWIFT Ready Gold accredited
- ITS-Recon operates in simple and effective way:
- It gathers the information in real time
- Transactions are then processed through the individual modules automatically
- Exceptions are identified as they occur. Pro-active alerting allows exceptions to be managed and resolved as early in the process as possible
- Users can specify how long matched data should remain in the active database and when it should be archived for long term storage