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INTELLIRECON

Streamline Your Cash Flow Reconciliation with Advanced AI Solutions
IntelliWorks' Cash Flow Matching Product, IntelliRecon, offers a cutting-edge solution for reconciling incoming cash flows with expected transactions that easily plugs into downstream booking systems. Perfectly suited for large commercial and investment banks, regional banks, and fintech/payment providers, our product harnesses the power of advanced machine learning and AI to streamline the matching and reconciliation process, reduce errors, and boost operational efficiency.

THE PROBLEM

Operational
Efficiency Challenges

Reconciliation is traditionally highly manual/costly/labor intensive, causing downstream impacts such as delays in balancing GLs and processing transactions, incorrect interest calculations and reporting, often impacting risk/relationship management.

Human Error and
Reconciliation Breaks

Managing issues with breaks and items in suspense create discrepancies that require further investigation and resolution. Mistakes in matching incoming payments with the corresponding internal transactions can adversely affect customers.

Risk and Regulatory
Compliance Issues

Delayed and inaccurate reporting can affect the bank’s risk assessment and regulatory filings potentially resulting in losses, penalties, damage to the bank’s reputation and trust.

PRODUCT FEATURES

Intelligent Data Extraction
Advanced Matching Algorithms
Secure / Scalable Solution
Detailed Reporting

Intelligent Data Extraction

Our intelligent AI based engine automates the extraction of transaction details such as expected amounts, related parties, administrative agents, correspondent banks,  cash accounts from incoming wires and transaction systems, etc. This reduces manual efforts and errors, ensuring your financial records are always accurate and up-to-date.
  • Expected Amounts: Automatically retrieves expected transaction amounts to ensure accurate reconciliation.
  • Related Parties: Identify and process information about related parties involved in transactions.
  • Admin Agent Details: Capture and manage administrative agent details seamlessly.
  • Cash Accounts: Efficiently track and reconcile cash account information.

Advanced Matching Algorithms

Leveraging the output of our intelligent engine along with various matching algorithms, IntelliRecon achieves precise and continuous transaction matching. This ensures real-time processing of financial transactions, maintaining accurate and timely reconciliation, and leading to enhanced overall operational efficiencies.
  • ML/AI Engine: Utilizes highly accurate/trainable machine learning/NLP algorithms for data extraction and transaction matching.
  • Capable of doing aggregation during the matching process. (i.e. one to many, many to one, etc.)

Advanced Matching Algorithms

Leveraging the output of our intelligent engine along with various matching algorithms, IntelliRecon achieves precise and continuous transaction matching. This ensures real-time processing of financial transactions, maintaining accurate and timely reconciliation, and leading to enhanced overall operational efficiencies.
  • ML/AI Engine: Utilizes highly accurate/trainable machine learning/NLP algorithms for data extraction and transaction matching.
  • Capable of doing aggregation during the matching process (i.e. one to many, many to one, etc.).

Secure / Scalable Solution

Cloud-native, scalable solution is fully elastic, supporting increased transaction volumes without performance impacts. It seamlessly integrates with existing systems and easily adapts to evolving business requirements. Additionally, the solution safeguards sensitive financial data with advanced encryption and strict access controls, adhering to regulatory compliance requirements to ensure operations meet all necessary legal and industry standards.
  • Future-Proof Technology: Stay ahead with a solution built to adapt to evolving business requirements and technological advancements.
  • Encryption: All data in-flight and at-rest is encrypted and highly secured.
  • Compliance Adherence: Meet client’s regulatory and compliance mandates.

Detailed Reporting

Generate insightful, automated, and on-demand reports to summarize the reconciliation processes and outcomes. Clear audit trail ensures accountability, supporting informed decision-making and compliance with regulatory requirements.
  • Automated Reports: Create automated reports summarizing reconciliation processes and outcomes.
  • Audit Trail: Maintain a clear audit trail of the matching process for accountability and transparency.

Detailed Reporting

Generate insightful, automated, and on-demand reports to summarize the reconciliation processes and outcomes. Clear audit trail ensures accountability, supporting informed decision-making and compliance with regulatory requirements.
  • Automated Reports: Create automated reports summarizing reconciliation processes and outcomes.
  • Audit Trail: Maintain a clear audit trail of the matching process for accountability and transparency.