Setrega, the reconciliation platform can automate your complex process of reconciling financial data!
Most of the financial firms managing complex portfolios tend to use homegrown, heavily-customized systems which provide data in a multitude of formats. The lack of a robust automation process complicates the synchronization process manifold. So they need a reconciliation solution that allows efficient synchronization and verification of data, which can send alerts on data inconsistencies and generates outputs in formats mandated by regulators. This reconciliation solution should reduce the risks by enabling transparency and regulatory adherence.
Setrega, a global reconciliation platform for any BFSI participants can extract data from multiple sources, validate, reconcile, generate reports, and automate repeatable reconciliation workflows. Through simplified configurations and four eye check workflow mechanism, Setrega reduces the manual efforts required for accurate reconciliation. Its primary focus is to extract information from any system and perform reconciliation needed on the available data to generate the reconciliation reports. It streamlines operations, processes, workflow, and also generates comprehensive/accurate reports for the users.
It supports “Real-Time” and “On-Demand” data reconciliation at different frequencies via multiple channels in various formats. Also, it helps to track the entire reconciliation process starting from data extraction/validation until submission of reconciliation reports to authorities.
- What sets us apart
- Multi-format reporting
- Tolerance settings
- Configurable data integration platform
- Individual/consolidated reporting
- Matching profile configuration
- Business rule validation
- Reports repository & archival of reconciled reports
- Audit trial history of any modifications
- Key Features
End-to-end reconciliation process automation
Multi-format data supportive
Data enrichment and validation
Predefined matching rules
Review and approve mechanism
Real-time exception alerts and notifications
Automatic scheduler & archive settings
Reduced operational cost
as the entire reconciliation process is automated
Automated role-based approval workflows
with due date driven notifications to ensure on-time task completion
enables data protected for reference & auditing
to accelerate data-driven business decisions
Performs risk management
using predefined rules & tightens control
Exception & alert mechanism proactively
reduces risk via automated notifications
Track the entire lifecycle of the reconciliation process
from data collection until report generation.
Real-time alerts in case of data mismatch
which helps to rectify and make necessary changes promptly.
Seamless integration with an existing system
in the client’s landscape system
Provides end-to-end automation during the entire process
of reconciliation report generation & verification and workflow of data corrections.