Reconciliation and collaborative transaction resolution

Reconcile items among multiple parties in an efficient & secure manner

Digital Trust Solutions

RecoChain

RecoChain is a BlockChain & Smart Contract based Solution that enables collaborative Transaction Processing, Reconciliation and Resolution across multiple entities

Upload

Parties can upload their reconciliation data in various formants into a permissioned blockchain on secured ledgers. Participants are identified and their respective positions are visible to all authorized parties

Consenus

Mismatches are flagged and visible to the participants. A maximum of breaks are either resolved automatically or with Decision-Support. The remaining are resolved in a collaborative manner. Actions are immediate, observable traceable

Extraction

Resulting Transaction & Position records can be extracted in multiple formats in view to be used in other systems

Process Efficiency

Speedily identification, qualification, resolution of breaks; less friction going back and forth on trivial items; cost reduction due to automatization and less recurrent tasks.

User Satisfaction

More resources to improve processes; positive cascade on other points in the value chain; enhanced outcomes.

Execution Quality

Transparent break identification; error minimization; focus on the complex items.

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