(Vocus) October 26, 2010
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.”
SunGard's IntelliMatch is an enterprise reconciliation, exception management, financial governance and archiving solution suite for financial institutions. IntelliMatch helps customers increase operational efficiency and reduce operational risk by allowing them to proof cash and positions; manage the financial close; reconcile derivatives, margin and collateral; match ATM and FX transactions; perform inter-system reconciliations, and resolve payment investigations. For more information, visit http://www.sungard.com/intellimatch.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Ambit and IntelliMatch are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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