XREC Reconciliation

Integrate, reconcile and justify your most complex data with XREC Reconciliation

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Quickly and easily match and reconcile your financial data with Xrec Reconciliation

Xrec streamlines and automates all financial data reconciliation processes. Data collection, enrichment, matching, discrepancy detection and classification, resolution workflow allocation, justification, archiving.

time saved in reconciliation

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of reconciliations automated

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reliable data

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A single solution for total control

Reduce your dependence on obsolete spreadsheets and tools. Centralize and harmonize all your reconciliation processes on a robust, high-performance application base.

Fast, substantial ROI

Significantly reduce operating costs. Refocus your teams on high value-added activities. Gain compliance thanks to a complete audit trail.

Make your financial data more reliable

Make decisions based on accurate data. Reduce data completeness and quality issues.

A flexible, high-performance foundation

The Xrec reconciliation solution benefits from proven software technology combining simplicity, ergonomics and performance.

Xrec has been designed for total flexibility of configuration and parameterization (data input and output formats, matching rules, processing orchestrator, automatic gap management, dashboard, consultation screen, etc.) to meet all types of reconciliation requirements.

Automatic exception handling

Rapidly reconciling data is all well and good, but automatically identifying and classifying discrepancies is even better. Xrec’s exception management module automatically identifies and classifies discrepancies by type, according to your criteria. You won’t waste any more time, and you’ll be able to concentrate on the essentials.

Very high data volumes

The Xrec solution can handle volumes of several hundred million transactions per day without any loss of performance. You no longer need to aggregate your data for reconciliation. This allows you to maintain a high level of detail for your controls and analyses.

 

Rapid implementation

The Xrec solution is easy to use, with clear data organization concepts. For local or international needs (multilingual). Our teams get to grips with the solution quickly and intuitively.

As experts in this field, we can support you at your own pace throughout the implementation and migration process.

Ensure regulatory compliance

Fully adapted profiles are available in the solution to distribute rights between users. Full traceability of the transaction lifecycle enables reliable auditing of accounts, and all actions are audited.

A reconciliation certification workflow defines who submits, who approves and who validates. Reports are automatically archived and can be consulted directly in the solution.

Custom data reconciliation

We offer cloud technology with intelligent matching algorithms to integrate and compare any data set in seconds.

Payment reconciliation

Payment volumes by card and bank transfer continue to grow. Companies need robust solutions to monitor actual payments and detect erroneous reconciliations.

Business Application Reconciliation

Reduce operational risk and manage discrepancies with centralized, automated control of transactions between different systems.

Multiparty reconciliation

Reduce the complexities of multi-source reconciliations with integrated multi-party matching to avoid data redundancy.

Financial instruments

Solutions for the reconciliation of securities and other financial instruments for transactions and assets, improving the efficiency of anomaly resolution.

Accounting and Treasury

Reinforce your controls and visibility for bank and financial reconciliations, general ledger, nostro accounts, internal accounts and suspense accounts.

Post Trade

A powerful control system that guarantees data consistency and reliability throughout the entire STP transaction processing chain, from execution to settlement.