Reconciliations is a key control function for all enterprises enabling traceability, complete audit trails, and accountability for effective risk and compliance management.
Further, with the institutionalization of reconciliations operations, enterprises today require a robust and scalable reconciliations solution that can enhance processes, reduce costs, and deliver exceptional value.
Over the years, TCS BaNCS for Reconciliations has been emboldened and enriched with a powerful cognitive reconciliation engine, enhanced data pre-processing methods, custom reporting, and APIs, making it a comprehensive, scalable, and cost-effective solution.
With intensive scrutiny of financial transactions worldwide, mounting pressures of cost cutting and limitations of outsourcing and legacy systems, it has become imperative for organizations to have a smart and scalable solution that ensures maximum speed, accuracy, and controls in reconciliations.
Over the years, TCS BaNCS for Reconciliations has been emboldened and enriched with a powerful cognitive reconciliations engine, enhanced data pre-processing methods, custom reporting/dashboards, APIs for integration, mobility and on-line archiving. Coupled with strong cognitive operations, change management, agile execution capabilities and intelligent automation, TCS BaNCS for Reconciliations is a comprehensive, scalable, robust, and cost-effective solution.