Key benefits Reconciliation
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.
RecoChain enables a transparent, collaborative and fast matching that can be integrated into defined sections of the value chain.