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Integrated Bank Reconciliation Software (IBRS), provides an automated, secure, easy to use software application to quickly perform the reconciliation from various file sources. IBRS extend the reconciliation capabilities using customizable transaction views,summaries of important information,historical balance inquiries,reconciliation reports and easy to use tools to sort and mark transaction as per your need. It empowers the employees with a ease and consistent approach to managing your bank transaction that lowers the administrative cost provides tight control over the mission critical business process.
Applicable to large organisation which deals with Credit Cards, Asset Management Companies (Mutual Fund), Insurance who handle thousand of cheques every day across various banks and branches spread across geographical location. IBRS, provides seamless integration with the in-house cash management/financial management software Import in Batch Mode,a unique feature of IBRS, which provides a one time mapping of bank statement (electronic statements which are downloaded from net Banking Facility offered by the bank) and matching relevant fields corresponding to the database to import all bank statement transaction to the IBRS database.
IBRS supports various file formats like CSV, EXCEL and DBF . Auto Reconciliation Process, a unique way to reconcile the two sets of data (typically Bank statement and internal data from Financial Management system), matches records based on the predefined rules. Matching rules can be customized based on the industry like financial and non financial. Matching rules are generally defined based on the cheque cleared to cheque issued and non cheque bank to non cheque internal transactions. The system offers additional customization features to match other bank reconciliation rules. Manual Reconciliation Process,the manual matching feature provides unmatched bank and unmatched internal financial Management System with point and click facility to match the remaining records after the Auto Reconciliation Process. Both the Auto Reconciliation Process, as well the manual reconciliation process, provide a unique serial number facility to track all the records that are knocked off.
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