Reconciliation Services

We have our own tried and tested in house developed Reconciliation Software. We have achieved significant logical combinations in breaking the complex combinations to solve the reconciliation irrespective of different formats of bank statements and ledgers provided by our client banks and their accounting departments. The software program is now more than 2 years old and has been able to reconcile more than 75,000 transactions worth Rs 1310 crores across 35 numbers of bank accounts. We have our in house server where we store the reconciled transactions. We also take regular backups onsite and offsite. We provide reports on both reconciled and unreconciled transactions to our clients on daily basis. We also provide clients with various value added business reports to restructure their collection recording processes and also bench mark the same within various client regions to measure collection turn around times .

With the help of data we are providing following reports to our clients:

  • Cheque Bounce report.
  • Collection TAT.
  • Clearance TAT of various bank.
  • Cash & Cheque ratio.
  • Channel / Zone wise collection report.
  • Channel / Zone wise collection report.
  • Data reconciled and pending report with reasons for pending.
  • Report on Cheque issued but not cleared – Zone wise / channel wise.