Ulster Bank has selected Accurate Software's operational risk management (ORM) solution for the reconciliation of internal general ledger transactions.
Accurate Software's Swift Ready Gold accredited ORM solution will be used to reconcile a variety of general ledger accounts including profit and loss, balance and off balance sheet and suspense accounts.
The bank, part of the Royal Bank of Scotland, plans to extend the use of the software to other parts of the group over the next 12 months. This will include the reconciliation and investigation of payments and securities transactions.