17 August 2017
Find out more

SunGard monitors STP trends with new IntelliMatch module

26 October 2010  |  2091 views  |  0 Source: SunGard

SunGard has launched a new trending and analysis module for its IntelliMatch reconciliation and exception management solution. The module is a fully integrated solution that can help managers and administrators quickly understand where efficiencies can be gained and enhancements made to optimize reconciliation processes.

It will allow users to track, evaluate and amend automated rules, assess and automate manual processes, and perform cost/resolution, counterparty and system analyses. It can also help to build an algorithm-based reconciliation environment where key business metrics can be automatically re-evaluated and adapted to help maximize process efficiency and minimize costs.

Scalability, flexibility, ease of use and advanced rules processing are key to implementing a streamlined reconciliation solution. However, the administrative burden of maintaining, optimizing and expanding these environments is often overlooked. As operations evolve, changes can emerge in systems and data outputs, fields and references are often either introduced or retired. At the same time expertise and resources are frequently moved within an organization. This means that even a reconciliation environment with a 95% auto-match rate could be impaired by challenges such as complacency in further improving matching rates, lack of process transparency and knowledge, and slow degradation of rules efficiency over time.

Jennifer Hanes, executive vice president of product strategy at SunGard's Ambit Corporate Banking business unit, commented: "While working with our reconciliationcustomers, we realized that there is a real need to address the administrative burden of reconciliation system maintenance, optimization and expansion. SunGard's IntelliMatch trending and analysis module provides a clear view of the system helping senior managers and system administrators easily and quickly identify and act upon areas for improvement in the reconciliation process."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.abe-eba.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10436 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9833 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9752 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8150 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7623 views 0 | 1 tweets | 8 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job