Reconciliation & Exception Management
Reconciling transactions, positions and accounts is essential to the smooth operation of any business. However, for financial institutions, this already critical business process is being further complicated by increases in data complexity and transaction growth, new compliance requirements, and the need to provide greater visibility across operations. At the same time, there is continued pressure to reduce costs and streamline operations through automation, consolidation and centralization of these key back-office processes.
To address these challenges, financial institutions require solutions that can support new transaction types and scale to handle dramatically higher transaction volumes. Additionally, these solutions should deliver analytical tools to drive continual process improvement, support intraday reconciliation to enable real-time visibility and employ sophisticated workflow to meet evolving regulation.
SunGard can help. SunGard’s Ambit Reconciliation solution suite can efficiently meet the diverse reconciliation, exception management, financial governance and document archiving needs of financial institutions across all lines of business. SunGard’s reconciliation software helps improve operational efficiency, reduce risk and achieve greater performance results. Our reconciliation solution suite helps manage complex real-time confirmation matching, payments investigation and cash reconciliation across all lines of business, including nostro reconciliation, ATM reconciliation and FX transactions. Ambit Reconciliation also supports margin and collateral management, provides intersystem reconciliations, as well as payment investigations.
Download our the Ambit Reconciliation Executive Briefing Papers and Case Studies
Visit SunGard's Reconciliation and Exception Management Microsite for more information on how financial institutions can improve their process efficiency, reduce operational risk and achieve improved performance and scalability.
for more information on how financial institutions can improve their process efficiency, reduce operational risk and achieve improved performance and scalability. for more information on how financial institutions can improve their process efficiency, reduce operational risk and achieve improved performance and scalability.
What We Offer
The Ambit Reconciliation and Exception Management solution is comprised of an integrated set of solution components:
- Confirmation Matching
Confirmation matching is a critical part of managing trade execution and settlement. Process automation and timely identification of discrepancies or inaccuracies of trade bookings by internal systems, broker or fund management institutions is vital for operational and market risk mitigation. Ambit Confirmation Matching ensures trade accuracy and minimizes risk. Quick identification of trade errors lowers market exposure and automation of manual process reduces operational costs and associated risk. - Payments Investigation
Accurate payment transfer and timely payment issue resolution enable banks to provide a greater level of customer service and lower operational costs. Inquiries or issues can be triggered or detected from many sources including SWIFT, reconciliation processes and customer service agents, which must be acted upon promptly and according to established best practices. Ambit Payment Investigation automates costly investigation processes and enables the establishment of, and strict adherence to, best practices to ensure the standards of the bank are upheld. Rapid resolution of payment issues improves customer service, lowers operational costs, while enabling revenue generation through efficient compensation claim and fee processing. - Nostro Reconciliation
Nostro reconciliation is crucial to ensuring accuracy of cash positions held at correspondent banks that fund foreign currency transactions and enable trades to settle. By comparing end-of-day SWIFT MT940/950 statements from correspondent banks against general ledger accounts, payment discrepancies are identified for resolution. Real-time and intra-day statements and messages provide greater accuracy for nostro account funding. Ambit Nostro Reconciliation solution provides real-time and end-of-day correspondent bank reconciliation to increase operational control and reduce costs. Accurate and efficient settlement of cash movements provides enhanced visibility into correspondent accounts to ensure optimal use of funds. - Reconciliation
Matching, reconciliation, and case management facilitate satisfaction of regulation, ensure accuracy of systems, validate cash and holding positions against external statements, and ensure the optimal completion of business processes. Through the automation of data collection, complex comparisons, discrepancy identification, escalation, and resolution of errors, banks can look to achieve lower operational costs, greater transparency and controls around their business processes, and provide a consistent high quality of customer service.
Ambit Reconciliation solution provides a single platform to manage all reconciliation processes, delivering significant economies of scale, exposing status and tracking across all departments from a single dashboard, and producing greater returns on investment and lower total cost of ownership.
