Crelan selects SunGard IntelliMatch to automate enterprise reconciliations

Source: Crelan

Crelan, a Belgian cooperative bank with retail and corporate customers, has selected SunGard's IntelliMatch Operational Control solution to automate the reconciliation of its cash, securities and confirmations to help reduce risk and increase efficiency.

IntelliMatch Operational Control will be implemented in Crelan’s headquarters in Brussels to support the bank’s back office operation with users located in Brussels and Antwerp. It will provide a single, centralized platform to help  better manage the reconciliation of cash, securities, and confirmations and replaces an existing third-party reconciliation tool as well as additional manual processes. Automating these processes will help reduce costs and increase efficiency. The bank will also benefit from minimizing the risks associated with manual processes and help lower its exposure to operational risk.

“Building long term partnerships with customers is one of our key goals and this also applies to our strategic technology providers. By working with SunGard we can use a single platform for the end-to-end automation of all reconciliations to support our core business. IntelliMatch Operational Control offers enterprise-wide reconciliation capabilities and comprehensive functionality along with an intuitive and flexible user interface which will help us manage our growing volume of transactions. SunGard’s expertise in implementing multi-asset class reconciliation solutions will help ensure we can minimize deployment timescales and achieve long term value from IntelliMatch Operational Control.” - Yves Danneels, Chief Information Officer, Crelan Bank

“Banks today need to eliminate manual processes and replace outdated legacy systems to improve management of risk and back office efficiency. SunGard’s IntelliMatch Operational Control helps banks to streamline their enterprise reconciliations and achieve operational maturity through the growth, consolidation and optimization of their business processes.” – Jennifer Hanes, chief operating officer, SunGard’s IntelliMatch business

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