Ambit Reconciliation

Reconciling transactions is a critical element of a bank’s back-office operations, in order to validate data that is found in multiple disparate systems, identify incompatibilities in data and achieve resolution. Manual processes and programs that perform reconciliation function in many banks today cannot handle the growth in transactional volumes and exceptions. To lower operational cost and operational risk, banks should centralize the reconciliation function and create a center of excellence.  By automating processes and providing tighter controls, cost savings can be seen by identifying exceptions earlier and reallocating staff to focus on exceptions and other profitable activities.

SunGard can help. SunGard’s Ambit Reconciliation provides highly scalable, real-time matching and reconciliation with integrated exception processing across the enterprise.  Transactions and data, regardless of source, are processed in real-time on a single platform; including Nostro and internal accounts, cash, ATM transactions, checks, and system messages, for complete transaction lifecycle management.

Features

  • Matching coverage extends to all areas of the enterprise, including Nostro and internal accounts, cash, ATM transactions, checks, and system messages
  • A single platform for reconciliation and exception processing
  • Provides a flexible, rules-based matching engine and a unique data ingestion and parsing model
  • Provides a dashboard for consolidated actionable views across business lines and geographies
  • Integrated investigations and case management

Benefits

  • Allows generic matching on a single platform
  • Setting up and adding new data sources and reconciliations is easy. Both proposed and generic matching rules are defined by the user, enabling matching on ALL fields.
  • Identify, assess, and control exceptions raised by the matching and reconciliation process for efficient workflows
  • Provides consolidated, actionable views across business lines and geographies
  • Users are alerted via e-mail or pager, in real-time, to system-defined events that require immediate attention 

Download the Deploying Ambit Reconciliation in a Virtual Environment whitepaper
Find out how SunGard worked with VMware, Hewlett Packard (HP) and Intel to deploy Ambit Reconciliation on a virtualized environment for a more cost-effective and efficient solution.