TFRecon improves and accelerates the custodial account reconciliation process by supporting millions of transactions each day from hundreds of banks.
Using a unique combination of intellectual property, a proven microservices architecture, and deep domain knowledge and expertise, firms can quickly maximize their financial services reconciliation processes, allowing teams to focus on more valuable tasks. Through a highly-customizable rules engine, TFRecon provides "intelligent automation" that expedites the bank reconciliation process, simplifies integration with existing systems, and reduces the need for teams of accountants to reconcile transactions. The result is increased efficiencies, reduced costs, and improved matching accuracy.
Amplify Your Business Potential
Expedite the bank reconciliation process, simplify integration with existing systems.
Using an intelligent automation matching engine, firms can employ AI to reduce the three-way reconciliation processes from weeks to days while maintaining high degrees of accuracy.
A flexible workflow and process engine enables the manual review of exceptions as well as the identification of unknown or questionable transactions, conflicts, or unauthorized money movements.
Advanced analytics helps firms understand the cost of operations and drill-down into critical metrics on effort and issue originations.
A robust architecture delivers a microservices overlay with existing systems without massive integrations or costs while modularization improves flexibility and reduces dependencies.
Comprehensive audit and status tracking provides traceability as well as a single view of every transaction and its underlying matching logic so firms can see all stages of the reconciliation process across multiple teams and locations worldwide.
Firms can choose from numerous, flexible onsite or remote deployment options ranging from deployment to a cloud container, as a microservice, or embedded within in-house applications.
Integration with existing GL, AP, and AR systems such as Sage Intacct®, NetSuite®, SAP ECC6®, SAP S/4HANA®, GTreasury, BlackKnight MSP, Finastra Fusion Servicing Director, and more enables TFRecon to easily assimilate with existing environments.