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Bank Account Reconciliation Management & Transaction Matching Solution ​with IBM Cognos TM1

The Challenge

 

o   Streamlined method for uploading numerous bank accounts' worth of bank statements

o   Obtaining ledger transactions through integration with corporate accounting systems

o   Flexible and programmable matching algorithms

o   to look for and examine unreconciled transactions

o   In order to create reconciliation summary reports

o   To track and control the reconciliation workflow

 

The Challenge
The Solution

The Solution

A comprehensive approach to managing bank reconciliation that includes features built in that may be adjusted to meet the needs of corporates. Utilizing IBM Planning Analytics (TM1) software, the solution was created.

The Benefits

  • User-friendly matching interface for manual matching
  • Pre-built reports for bank reconciliation statements
The Benefits

About Client

One of the world's largest banking and financial services organisations. serving approximately 40 million customers through  global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Ihas offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America.

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