Fragmented and manual reconciliation processes create unnecessary duplication of effort, leading to a higher potential for errors, increased risk and higher back office costs. Corona Generic’s matching capabilities can help to manage the complete range of reconciliations and investigations requirements.
It can reconcile transaction data in any format from any source to deliver a single, intra-day, enterprise-wide solution for all reconciliations and exceptions. As a result, Corona can remove duplication of data feeds and the operational inefficiencies associated with fragmented systems and processes, providing a route to reducing operational risk.
Integrated exception management helps to deliver greater visibility into the reconciliations process through alerting, investigations and a full audit trail.
Corona Generic’s flexible matching rules help to ensure that only true exceptions are escalated for resolution, enabling institutions to focus on the transactions that represent the most risk.
Using Corona Generic’s capabilities, firms can also perform inter-system reconciliations, enabling more effective operational control. Inter-system matching supports institutions’ efforts to ensure data integrity by combining previously disparate transactional data into a single view, improving transaction visibility.