Unlimited Nostro Accounts
There is no limit to the number of Nostro Accounts that can be processed.
There is no limit to the number of currencies in which Nostro Accounts
can be held.
ReconBanc allows tracking of open items (such as export bills) which can
be paid in parts.
Template Driven Statement Uploads
Electronic Statements are uploaded based on user defined templates.
ReconBanc uploads SWIFT 940/950 messages.
We realize there will be some statements which still come on paper. ReconBanc
allows matching of paper statements via a user friendly graphical user-interface.
Automatic follow-up for un-reconciled items
ReconBanc automatically generates correspondence from standard templates
to follow up on un-reconciled items eliminating the need for a separate
exception processing module.
Progressive Matching Technique
Progressive matching techniques are used to match items using the strongest
criteria first and then using progressively weaker criteria. ReconBanc
offers matches at each stage for user confirmation.
Review of outstanding items
A user can review the correspondence history of outstanding items.
Standard report formats are used to automatically create printed reports
or soft copy reports. ReconBanc interfaces to QR Reports allowing users
to also create their own reports at any stage.
FTP and SMTP Protocols
ReconBanc supports both the FTP and SMTP Protocols allowing users to choose
between Email and FTP to exchange files with their Nostro's.
ReconBanc can work on a single station PC running Windows 98 or above.
Having being recently developed using modern tools, ReconBanc is a very
user friendly system.