Reconciliation

Reconciliation

Reconciliation (Recon) is an important accounting function which is particularly useful for identifying and investigating the difference between two financial records or account balances. Recon is a complex function as some differences or breaks may be acceptable due to the timing of payments and deposits whereas, there may be mysterious discrepancies indicating risks of thefts or cooking the books. One of our service offerings include Reconciliation in India.

Regulatory reporting on the other hand is the submission of raw or summary data needed by regulators to evaluate the health of the bank, thereby determining the status of compliance with applicable regulatory provisions.

The process is both time critical and complex as there are multiple sources of information across various formats with high risk exposure if not carried out meticulously.

Key Highlights:

Key Highlights:

  • Centre of Excellence for Payment Reconciliation and Regulatory Reporting

  • Strong members with banking and accounting expertise performing the recon and  in depth knowledge on RBI regulatory guidelines for reporting activity

  • Over 20 fungible resources to manage reconciliation for corporate and investment banking across 441 general ledgers

  • 5 layered process maturity model (Robust accreditation process, water tight quality framework, hand off reduction, mistake proofing concepts and automation)

  • 100% 4 eye checks to mitigate risks or exposure to risk events

  • Competitive pricing and technology enabled solutions to augment operations efficiencies

Service Capabilities

  • Quick to deliver
  • Effective understanding of source and target systems and various source formats
  • Ability to manage CRRU activities within the stipulated timelines.
  • Strict internal Risk & Compliance framework to ensure 100% data security
  • Skilled staffs across varied matrix to suit depending on the need of the hours
Service Capabilities

Service Capabilities

  • Quick to deliver
  • Effective understanding of source and target systems and various source formats
  • Ability to manage CRRU activities within the stipulated timelines.
  • Strict internal Risk & Compliance framework to ensure 100% data security
  • Skilled staffs across varied matrix to suit depending on the need of the hours

Upscale technology and use us to reconcile your accounts and manage the regulatory reporting.

Upscale technology and use us to reconcile your accounts and manage the regulatory reporting.

Value Delivery

Value Delivery

  • ZERO operational losses since inception
  • In-house tool for operational rigour and Excellence: Productivity tool, workflow tool
  • Highly fungible staff Proficiency in understanding existing as well as new portals
  • Transformation focus and change agility: Driving process improvements through automation of reports
  • 100% SLA adherence – Resilience to manage additional workload within existing capacity even on days which pose a threat to Business continuity. (floods, strikes etc.)