We bring the best Reconciliation and Data Management Tool
Reconsyde, highly automated reconciliation and data management tool developed by Bancapp Automation Pvt. Ltd. This is an enterprise-grade Data Process Automation and Reconciliation Platform designed for the Banking, Payments, and Financial Services ecosystem.
Reconsyde integrates data from multiple systems — CBS, Switch, Payment Networks, Treasury, GL, and Settlement engines — to deliver end-to-end data control, transparency, and accuracy. This can be deployed in cloud as well as on-premises as needed by the customers.
The Problem
In the era of digital transformation, the global payment landscape has evolved significantly, introducing diverse processes options like IMPS, 24- hour RTGS, Digital wallets, UPI, QR codes, aggregators, multiple card issuers, and BNPL (Buy Now Pay Later) firms etc.
While this digitization offers convenience and variety, it also presents complex challenges in payment reconciliation.
How to Solve It?
The solution to the complex reconciliation problem lies in leveraging technology to create an integrated, automated system. By centralizing data from multiple sources, applying intelligent reconciliation algorithms, and providing powerful analytics tools, businesses can transform their reconciliation processes from a bottleneck into a strategic asset.
Automation
Implement intelligent systems to handle multi-source data reconciliation
Analytics
Utilize advanced data analysis for real-time insights and decision-making
Integration
Create a unified platform that connects all payment sources seamlessly
Scalability
Design a solution that grows with your business needs
How Reconsyde Helps
Reconsyde transforms reconciliation from a time-consuming, error-prone task into a strategic advantage, enabling businesses to scale operations, reduce revenue loss, and gain unprecedented insights into their financial data.
Reconsyde Workflow
1
Input Sources
Define and connect various data input sources from different payment systems and financial platforms.
2
Data Sanitization/ Conversion
Clean and standardize input data to ensure consistency and accuracy across all sources.
3
Rule Creation
Develop customized reconciliation rules and logic tailored to specific business needs.
4
Output Definition
Specify the format and destination of reconciled data for seamless integration with existing systems.
5
Analytics
Generate insights and reports from reconciled data for informed decision-making.
6
Exception Management
Identify and handle discrepancies efficiently with automated alerts and resolution workflows.
7
Audit Trail
Maintain a comprehensive record of all reconciliation activities for compliance and review purposes.
Data Source Integration
Flexible Integration
Reconsyde's solution allows for flexible data source integration, supporting comprehensive reconciliation and data validation processes.
Multiple Data Sources
Seamlessly connect to various banking systems, databases, and external data providers.
Real-time Data Sync
Ensure up-to-date information for accurate reconciliation.
Disaster Recovery and BCP
Integration with Bank's DR Process
The tool will be deployed as per the Bank's Disaster Recovery process.
Business Continuity Planning
Reconsyde aligns with the bank's BCP, ensuring uninterrupted service.
Data Backup and Recovery
Regular backups and quick recovery options to minimize downtime.
