Exceptions account for a significant proportion of back office costs and will continue to do so as volumes and transaction complexity increase. Corona’s integrated exception management is designed to support institutions in managing higher volumes more effectively, while helping to improve operational control and reduce operational risk.
Corona’s integrated exception management and alerting capabilities aim to reduce back office costs and enable greater transaction visibility. With Corona, institutions can resolve exceptions on a pre-settlement rather than post-settlement basis, delivering more proactive risk management to help further reduce risk exposure.
It can also run independently from Corona’s standard modules as a central exceptions application for in-house systems, helping to consolidate existing departments and systems.
This lifecycle approach to transactions and risk exposures is possible due to Corona’s system-wide monitor module, Corona Active, which can track transactions through their lifecycle. Using Corona Active, firms can benefit from proactive alerting when an error or issue occurs.
Corona Active acts as a continuous system performance check. By replacing batch-based reporting, users are alerted when matching rates drop below expected thresholds, enabling firms to take efficient action and ensure optimal operational performance.