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Reconciliation & Exception Management

Reconciling transactions is a critical element of a bank’s back-office operations. Industry initiatives are shortening settlement windows and the current market environment is forcing banks to balance cost reduction with improvements in operational efficiency. In order to improve operational efficiency, banks are striving to streamline back-office processes and lower costs. Exceptions, while only representing a minority of transactions, result in the majority of back-office costs. True Straight-Through Processing (STP) cannot be achieved without automating exception processing.

The main objective of performing reconciliation is to identify incompatibilities in data and achieve resolution. Managing increasing trade volumes, reducing manual errors, achieving data consistency and dealing with the diverse systems storing data can be challenging. To succeed, banks require a solution that can perform pre- and post-settlement reconciliation, text matching for confirmations, and intra-day advice and financial matching for cash and post-trade securities items in an accurate, secure and efficient way.

SunGard can help. SunGard’s Ambit Reconciliation provides real-time matching and reconciliation with integrated exception processing on a single platform to improve efficiency. SunGard’s Ambit Exception Management streamlines back-office processes, increases STP and mitigates the risks associated with manual matching.

What We Offer

• Ambit Corporate Payments Reconciliation
  Ambit Corporate Payments Reconciliation helps banks satisfy the growing requirement for data transparency and real-time information. Ambit Corporate Payments Reconciliation facilitates the quick and efficient resolution of problems that is an influencing factor in retaining customers. This translates directly to the requirement for efficient processing of transactions that do not process straight through.
• Ambit Securities and Cash Reconciliation 
  Ambit Securities and Cash Reconciliation provides real-time matching and reconciliation and integrated exception processing regardless of the data being processed. Ambit Securities and Cash Reconciliation scales from single department to enterprise- wide processing that ensures tight control no matter the size of the bank. The result is streamlined operations and improved efficiency.
• Ambit System to System Reconciliation 
  Ambit System to System Reconciliation provides highly scalable, real-time matching and reconciliation across the enterprise, supports hubbed or centralized operations models, as well as single line of business processing.  Transactions and data, regardless of source, are processed in real-time on a single platform; including cash, securities, confirmations, energy trades, and system messages, for complete transaction lifecycle management. 
• Ambit Exception Management
  Ambit Exception Management fully automates the processing of payment failures, system alerts, and customer inquiries for straight-through exception processing across payments, nostro, securities, and treasury—throughout the transaction lifecycle.