Automated reconciliation platform eliminates manual processing of over 10,000 daily transactions per country, providing real-time visibility into prepaid card balances while freeing finance teams to focus on exceptions rather than routine matching.

The Prepaid Recon solution transforms a major bank's financial operations across four countries by replacing manual reconciliation processes with an automated system. Integrating directly with card management systems (Tieto/CR2) and core banking (Flexcube), this application ensures accurate daily reconciliation, enables real-time exception management, and saves 4-8 hours of staff time per country daily. The solution features direct Oracle database integrations and custom reconciliation rules, delivering 80% automation of previously manual processes in just three months of implementation.

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Core Functionality

The Prepaid Recon system delivers comprehensive reconciliation capabilities:

1. Automated transaction matching between card systems and general ledger
2. Real-time visibility into reconciliation status and balances
3. Exception identification and management workflows
4. Multi-country support with country-specific rules
5. Daily reconciliation reporting for COO and CFO stakeholders

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Technical Information & Development

The solution employs a direct integration approach:

• T57 Recon engine as the core reconciliation platform
• Direct Oracle database queries to source systems (Tieto, CR2, Flexcube)
• Custom import query development for each data source
• Tailored reconciliation rule configuration
• Country-specific implementation and testing

The implementation was completed in approximately three months, with each country deployment taking approximately one month including testing.

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Business Impact

This financial reconciliation tool delivers significant operational benefits:

• Elimination of manual reconciliation for 10,000+ daily transactions per country
• 4-8 hours of staff time saved per country daily
• 80% automation of previously manual reconciliation processes
• Real-time visibility into reconciled/unreconciled transactions
• Shift from routine processing to exception management
• Enhanced financial control and visibility for executive stakeholders
• Standardized reconciliation process across four countries
• Reduced operational risk through systematic matching
• Improved staff productivity through focus on value-adding activities
• Rapid implementation timeframe of just one month per country

This specialised reconciliation application demonstrates commitment to operational efficiency while ensuring accurate financial controls across multiple markets.

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