If you wish to implement 4-way reconciliation software, SoftRecon is an ideal solution for your bank. SoftRecon has been implemented at many Banks with complete integration with CBS System.

  • SoftRecon allows Banks to perform the reconciliation for many delivery channels, and vendor systems for daily transactions happening through different delivery channels like ATM (On-Us, Issuer, Acquirer), Mobile Banking, e-Wallets, POS, and E-commerce.
  • SoftRecon eliminates invitation to Frauds due to the limitation on banks' ability to detect the money siphoned through cyber and manual frauds.
  • SoftRecon helps to prevent losses to banks and disputes due to a lack of reconciliation of incomplete transactions and reversed transactions.
  • The ATM e-reconciliation software helps ensure that all ATM transactions (cash replenishment withdrawals, transfers, and other transactions) are truly, properly, and correctly represented and posted in branch books of accounts.
  • The reconciliation system has also become necessary to reconcile ATM cash balances.

graphs


About SoftRecon

  • File Import(NPCI/Switch/EJ Log Files).
  • Reconciliation for Issuer/Acquirer/On-us.
  • Dispute Transaction Settlement.
  • Force Reconciliation.
  • Daily Settlement.


    • Key Functionality : for SoftRecon


    Reports

    ATM Ledger, File Transaction, Batch Transaction, Comparison Summary, Reconciled Transaction, Unreconciled Transaction, Force Reconciliation, Entity Transaction Search, ATM Dispute Pass/Unpass, Entity Summary, ATM Settlement, Settlement File Data, Daily Settlement Pass/Unpass, Monthly Settlement, Pass/Unpass, ATM Transaction Ledger Report.

    Settlement

    Settlement Import, Settlement Import, Delete Settlement Import, Data Daily Settlement Transaction, Daily Settlement Transaction Passing, Delete Daily Settlement Unpass Transaction, Monthly Settlement Transaction Passing, Monthly Settlement Transaction Passing, Delete Monthly Settlement Unpass Transaction.

    ATM Transaction Reconciliation Flow

    Import Text File Data, Import CBS Data, Delete Import Data Before Process Reconcile, Data Force Reconciliation, Dispute ATM Transaction, Dispute ATM Transaction Passing, Delete Dispute ATM Transaction Un Passed Entries.

    Configuration & Setup

    Text File Configuration (NPCI & Switch), Entity Transaction Search Configuration, Daily settlement file Configuration.

    Benefits


    360-degree view of Field Agent Operations & Transactions.

    Paperless and automated Workflow.

    Greater Customer Convenience, Satisfaction, and Retention.

    Reduction in operational Cost and Performance Based Commission to Agents.

    Financial Inclusion and Reach to unbanked demography and unbanked geography.

    Elimination of duplicated work; Efficiency in operations.

    Business Growth, Growth in Liquidity and Profitability.

    Better Control and Decision Support to Management.