Banks maintain accounts with other banks (Nostro Accounts) and it is necessary for them to reconcile Ledger Account Statements with the Nostro Account Statements. As the number of items on a statement increases, so do the associated financial and human resource costs in the reconciliation process. ReconBanc is an effective yet easy to use system which allows banks to automate the Nostro Reconciliation process as well as providing tools to assist banks in resolving outstanding items. In addition, ReconBanc will allow users the flexibility to tackle unexpected situations such as sudden growth in transactions, staff shortages, changes in statement formats etc. SWIFT messages formats and rules, etc. Features of ReconBanc : Unlimited Nostro Accounts Unlimited Currencies Open Items Template Driven Statement Uploads SWIFT Compliant Paper Statements Automatic follow-up for un-reconciled items Progressive Matching Technique Review of outstanding items Reports FTP and SMTP Protocols Cost Effective User Friendly

Unlimited Nostro Accounts
There is no limit to the number of Nostro Accounts that can be processed.

Unlimited Currencies
There is no limit to the number of currencies in which Nostro Accounts can be held.

Open Items
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.

SWIFT Compliant
ReconBanc uploads SWIFT 940/950 messages.

Paper Statements
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.

Reports
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.

Cost Effective
ReconBanc can work on a single station PC running Windows 98 or above.

User Friendly
Having being recently developed using modern tools, ReconBanc is a very user friendly system.