Flextera Service of reconciliation

The integration solution of FLEXTERA "Service of Reconciliation" is intended for automatic search of discrepancy of data in different information systems.

The aspiration of the credit and financial organizations to increase quality of business process management causes the necessity of continuous improvement of information systems. One of technology aspects of compliance of IT infrastructure to modern market demands is integration into a common information space of software products of different suppliers:

• The front - and back offices
• Back offices and accounting systems
• Accounting systems and systems of reporting
• Bank business applications and electronic payment networks and services.

In turn, growth of number of business services leads to complication of integration solutions: the number of the automated business processes increases, volumes of information transmitted through an integration layer constantly grow. Information can be transmitted as manually, and through the different software packages which are responsible for automatic data exchange between systems. There is also a problem of reconciliation (reconciliation) of business information which the different systems exchange.

Among the standard situations causing the necessity of reconciliation of data it is possible to note the following:

• Reconciliation by documents/postings between the back office systems before closing of trading day
• Reconciliation between the core banking system and payment systems by the carried out/considered electronic payments
• Reconciliation by remaining balance and turnovers on accounts, including with an opportunity to even personal accounts of one system and summary another
• Reconciliation between the systems of product accounting (for example, Credits) and accounting systems (for example, Ledger) on the commissions, penalties, debts and so forth.

The solution of FLEXTERA "Service of Reconciliation" offers means of operational detection and elimination of discrepancies, consistency checks of any data in solutions, the including several information systems interacting among themselves.

Advantages of operation of FLEXTERA "Service of Reconciliation":

• Reduction of time for decision making about readiness of systems for closing of trading day
• Risk reduction, arising because of "a human factor" as a result of which action incorrect results of reconciliation of data can be received
• Possibility of independent setup of business processes of reconciliation of data using tools of Diasoft company and standard templates
• User-friendly interface of start and monitoring of business processes of reconciliation of data.
• Extensive experience and competences of specialists of Diasoft guarantee to clients of the company creation of all conditions necessary for adaptation of the proposed integration solution to individual requirements of your business.