Accurate Reconciliation
Automate every step of reconciliation — from data ingestion to certification — with a unified, enterprise-grade solution built for speed, control, and real-time visibility.
Many organizations rely on multiple systems to access the data required for monthly and quarterly accounting reconciliation and daily transactional matching. Some use a manual reconciliation process that relies on error-prone spreadsheets. Exceptions are slow to resolve and it’s nearly impossible to achieve the single version of the truth that finance and executive teams need.
Accurate Reconciliation is an end-to-end account reconciliation and certification solution that handles all transaction types and financial instruments. The solution integrates both transaction and balance-level data and automates the entire reconciliation process from data acquisition and matching through period-end approvals and reviews.
Fully Automate the Reconciliation Process
Reduce the time to close, whether it be daily or period-end reconciliation activities.
Integrate Balance and Transaction-Level Data
Eliminate manual interventions and provide rapid, cost-effective resolutions.
Enforce Enterprise Governance and Control
Enforce controls as well as enable enhanced audit and compliance procedures.
Real Results. Real Impact.
Metro Bank Achieves 99% Match Rate Across 1 Million Daily Transactions
Highlights
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99.99% match rate across 1M daily transactions
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95% less time spent on exception management
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65%+ reduction in FTEs while scaling 1000x
Without automation from Trintech, it would be impossible to accomplish the work that we do, both in quality and in volume.
Read Case StudyRetail Reconciliation Reinvented: Marks & Spencer’s Journey to Scalable, Store-Level Automation
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20K+ transactions reconciled weekly across 1,500+ stores
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Faster exception resolution with store-level reconciliation
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Lower costs through automated, scalable reconciliation and reporting
We are more in control of the information and payments from the bank. Timely reporting enables checking of banks credits, which means late credits are acted upon and we don’t lose out on interest. These factors have translated into significant cost-savings for M&S.
Read Case StudyA Tale of Scale: RL360’s 20+ Year Journey of Transforming Reconciliation While Doubling Volume
Highlights
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Reduced team from 20 to 9 while doubling reconciliation volume
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Lowered costs through automated matching and workflows
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Improved visibility and decision-making with centralized reporting
The success we’ve achieved with Trintech is a testament to the solution’s value and the strong relationship we’ve built with the Trintech team.
Read the Case Study
Real-Time Reconciliation
Accurate Reconciliation operates as a centralized hub that consolidates operations and powers breakthrough processing. This single, standardized architecture pushes information across borders in real‑time, enabling fast response and informed decision‑making. Using a web interface, personnel across the enterprise receive an elevated view of information and process workflow – and benefit from best-in-class capabilities for matching, exception management and resolution, risk management, and reporting. Speed and convenience are only half the story, though. Accurate Reconciliation also helps reduce financial and operational risks and seize intra-day investment opportunities.
Effortless Data Collection
Data can be imported in any format from internal sources such as a general ledger or accounts payable systems, or externally from a bank, message network, or other data sources. Operational users do not need to know the bits and bytes of data transfers. Instead, they need to know where every transaction stands on the path to settlement. Accurate Reconciliation cuts through the data complexity to deliver the needed information – clearly and quickly.
Flexible and Powerful Matching
Once positions, transactions, and balances are imported the solution’s unique, multithreaded rules-based matching engine goes to work, automatically matching as many items as possible based on the business’ specific criteria – including one‑to‑one, one-to-many, and many-to-many items. Matching criteria can be based on any type of item or attribute in the system. This flexibility allows organizations to tailor-match criteria to meet the unique characteristics of each transaction type, producing a higher auto‑matching rate.
Powerful Exception Management
Accurate Reconciliation: Workflow automates and controls the entire exceptions research and investigation process. Workflow functions as an integrated case management solution to enable organizations to automate and control business processes by defining rules that perform a series of tasks and resolving the exceptions generated in the reconciliation process. This will enable already overstretched back-office teams to meet customer demand and better deal with rising transaction volumes by dramatically improving the productivity and efficiency of the exception investigation processes.
Reporting and Extensibility
Accurate Reconciliation provides a comprehensive solution to view and certify reconciliation information across the enterprise. The solution provides graphical, real-time information about the state of the reconciliation and transaction management process, trending analysis, and comparison of current state performance versus benchmarked standards. Real-time reporting capabilities remove manual reporting efforts and allow organizations to shift analysis to Day-1 tasks. The solution also provides powerful extensibility through its in-build scripting language without the need to consider source code changes.
SWIFT Accreditation
Transaction matching, reconciliation, and exception management solutions have been accredited with the SWIFT Certified Application for Reconciliation for over 20 years. To learn more visit the Swift Certified Applications Finder page.
“We’re now handling a significantly higher volume of reconciliations, yet the team size hasn’t increased. The solution has become a core, stable second line of defense for the bank. That stability is incredibly important in a banking environment.”
Payment Ops Business Readiness Team Leader
“We now have a proper workflow, and everything runs very smoothly. We’ve gone from a team of 20 people to a team of 9 while managing double the amount of work.”
Reconciliation Team Manager
