Debit /Credit Card/ATM Accounts Reconciliation for Banking Institutions
Manual reconciliation is time consuming, complex and error prone. In order to overcome these barriers, Avon offers Automatic Reconciliation (AAR) to its clients, which is a feature that customizes the service, on the basis of the unique need of every client. Avon’s Automatic Reconciliation is quick, easy and safe. It helps in matching millions of transactions across multiple accounts and calculates income / loss through foreign exchange transactions.
The service will also enable the provision of multiple reports including Foreign Exchange Summary, Exceptions Report, Match-off Report and summaries. We also customize reports as per the client’s distinct needs.
Our Home Grown Recon Automatic Reconciliation module has an in-built information security system with maker-checker processes (where required), data encryption and retention management and sophisticated user management with audit trails.