Integrated module for Proofing, Reconciliation & Accounting
In large financial Institutions considerable time is spent by the F & A & Operations units in reconciling transactions between various books, different systems & databases, third party ledgers, accounts across geographies & what not!
Add to this- Statutory Misreporting/wrong reporting by CFOs due to wrong reconciliations & the quantum of value in unreconciled accounts & Voila! You have a heady concoction of operational inefficiency, hrs/days/years of transaction time spent on reconciliations & big risks, often swept under the carpet!
With IMPACT, throw away your risks to the wind! Migrate to our Rule Engine driven Integrated module for proofing accounting & Reconciliation.
Conventional Recon is spreadsheet based, Cumbersome & Time consuming, Error & Fraud prone & Incapable of handling high volumes
Our Rule Engine dramatically reduces the time & resources required for enterprise companies to do reconciliations & they can go back to their core operational or finance functions.
IMPACT specializes in high risk, high volume, difficult and complex reconciliations requiring precision accuracy and speed.
Reduces dependency on IT expert.
• A/cs Payable
• Loan Disbursements
• Loan Collections
• Bank Reconciliations
• Tax payments
• Electronic Payments
• eCommerce
• Intercompany Transactions
