App Screens
Features
Data Capture and Transformationower of Computation
ITRS has capabilities to support 16 different types of feed formats including – Payment & SWIFT msgs, FIX – Trade confirmation, Databases, Flat files, Excel & XMLs. Addtionally the tool also supports validation of file formats, field values and has features that enable enrichment and transformation of feed through easily configurable rules.
Features
Reconciliation Engine
The Reconciliation Module of ITRS is a powerful engine built to handle even the most complex reconciliation use cases across business processes in financial services landscape. The matching rules are easily configurable and offer multitude of featues such as – 1:1, 1:N, M:N, Tolerance & Sign matching capabilities, Multi Level & Multi-way matching, Pattern matching, Conditional matching, Suggested matching. The solution has ability to reconcile multiple files in one single reconciliation job.
Features
Operations & Reporting
ITRS has a strong structure for Exception Management functions. It can analyse and route exceptions and also enable investigation of exceptions with a comprehensive audit trail functionality. ITRS supports assignment and allocation of exceptions to various users based on pre-configurable criteria with an approval mechanism. ITRS users can perform various functions when it comes to the unmatched transactions in a seamless and efficient manner in order to complete or close the reconciliation process lifecycle, viz: Force Match, Split/Merge Transactions, Mark Close, Add Notes, Attach documents, etc. ITRS also support Maker/Checker for all actions performed in the Operations module ITRS also offers a wide range of out of the box reports which give detailed information on the reconciliation scenarios. It can generate reconciliation reports, Matches & mismatches reports, Feed & Recon Load Summary reports and also reporting on User Activity.
Benefits
ITRS is a unified reconciliation solution enabling financial institutions to automate and centralize reconciliations across various lines of businesses in one single platform.
- Enterprise Platform: ITRS is a highly configurable and generic platform. It can be implemented as a centralized recon platform as well as for all types of ad-hoc recons across various departments. The recons can easily be on-boarded into a single centralized instance of ITRS
- Reduced total cost of ownership (TCO): Business users and existing support team can be easily trained to handle the different processes. No need for separate dedicated team, thus reducing TCO. ITRS can be used simultaneously by different Line of Business (LOBs) which in turn reduces TCO
- Configurable: Extremely configurable, easy to enhance/change based on changing requirement. Business users can be trained to manage the processe
- Faster Time to Market: Easy and fast to on-board a new process and move it to production. Simple scenarios can be production ready in less than 3 weeks.
- Flexible for additional client requirements: ITRS is designed to be easily customized based on additional specific client requirement.
