Sterci GTMatch® delivers ground-breaking enterprise-wide reconciliation, dramatically improving operational efficiency while reducing risk exposure.
While the Banking, Securities and Corporate sector all face distinct business issues, they share universal challenges resulting from inefficiencies arising from the manual processing of reconciliations and exceptions management. The ongoing tightening of the regulatory environment provides additional compliance obligations to reduce operational risk and increase audit transparency.
The financial transaction life-cycle can involve several different parties and systems recording each process separately and differently, requiring a reconciliation process to ensure global consistency and risk mitigation.
For many organisations, reconciliation can be a complex, tedious and extremely time-consuming process involving multiple instruments across several business lines. These internal silos are in turn compromised by the diverse data sources and formats received from a wide variety of external counterparties, banks, customers, brokers and suppliers.
The potential for human error in this reconciliation process introduces yet further risk to the financial and reputational security of an organisation. High transaction volumes, multiple bank accounts, different transaction types, multiple currencies and various bank file formats with varying reconciliation schedules ranging from intra-day to monthly, or event driven, exacerbate the problem.
This complex mosaic traditionally results in the deployment of a plethora of reconciliation tools – leading to fractured visibility and continuing high exposure to risk.
Enterprise Wide Reconciliation
Unlike other narrow 'matching tools' in the marketplace, GTMatch takes a fundamentally different approach. With 25-years experience in financial messaging technology, Sterci has pioneered the concept of 'Enterprise Wide Reconciliation' – GTMatch seamlessly incorporates all data types across the entire enterprise, its powerful transformation engine ensuring any format interoperability.
This comprehensive solution provides true consolidated visibility across all business areas, thereby dramatically reducing operational risk and ensuring effective regulatory compliance.
The proven power of GTMatch delivers real time reconciliation for all business lines and market instruments including, cash, general ledger, bank accounts, securities transactions, custodians holdings, funds, treasury, foreign exchange, money markets and precious metals. Its flexibility and generic capabilities provide a comprehensive automatic matching rate for both internal and external data sources in any format including SWIFT, XML, Excel, ATM, Card, FIX, SIC, SECOM and SARIE.
To find out how GTMatch can benefit your organisation, please use our request for information
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