Bank Reconciliation
Automated Financial Matching & Variance Control
Eliminate manual effort and errors in bank statement reconciliation with an AI-powered matching engine and seamless SAP integration.
Core Principles
Modernizing finance with connectivity, AI, and verification.
Bank Direct Link
- MT940/Swift Integration
- API-driven statements
- Daily auto-extracts
Matching Engine
- Exact & Fuzzy rules
- Multi-parameter matching
- Reference-based sync
Auto-Journaling
- Direct posting to GL
- Auto charge entry
- Reversal logic
Exception Center
- Flagged item routing
- Variance reporting
- Root-cause analysis
Immutable Audit
- Signed BRS reports
- Historic trial sync
- SoD Enforcement
8-Stage BRS Process Flow
Our automated pipeline processes bank statements daily, ensuring your records are always a mirror of reality.
Data Collection
Automated extraction of Book Balances and Bank Statements via secure APIs or SFTP links.
Transaction Matching
Matching engine processing Exact (Amount=Amount) and Fuzzy (Amount±Tol) transactions.
Variance Identification
Category-based analysis to identify outstanding checks, bank charges, or wrong entries.
Book Adjustments
Automatic generation of journal entries for interest, charges, and correction Reversals.
BRS Preparation
Calculation of adjusted balances (Book + Deposits - Checks - Charges) for total sync.
Verification
Final validation of Adjusted Book Balance against the actual Bank Statement balance.
Approval & Posting
Multi-level finance review for variance clearance and final posting to General Ledger.
Archival
Immutable storage of Reconciliation Statements and supporting audit trails.
System Architecture Layers
Integrated bank-to-book connectivity architecture.
Interface Layer
Fiori applications for reconciliation monitoring and variance clearance.
- BRS Dashboards
- Statement Browsers
- Manual Match Tools
- Approval Mobile Apps
Core Layer
Transaction processing, matching engine, and automated postings.
- Auto-Match Engine
- GL-Bank Clearing (F.13)
- Bank Statement Import (FF_5)
- Journal Entry Engine
Integration Layer
Connectivity to the global banking ecosystem.
- Swift / BIC Links
- Host-to-Host SFTP
- API Bank Hooks
- SAP CPI Middleware
Business Outcomes
Measurable efficiency gains through automation.
Faster Closing
Daily recon ensures month-end closing is accelerated by 3-5 days.
Error Reduction
AI-matching eliminates manual entry and comparison errors.
Cash Visibility
Real-time visibility into bank balances and outstanding liabilities.
Cost Savings
Significant reduction in administrative overhead for large volumes.
Master Your
Reconciliation Today
Bank Reconciliation Automation provides the speed, accuracy, and audit trails required by modern enterprise finance teams.