Valid Use Cases, Benefits & Differentiators

Automated Reconciliation

Product Valid Usecase

Use Case

The various data analytics tools from Chain-Sys Corporation have a variety of uses. Among the best options for companies of all sizes are data reconciliation tools. While data reconciliation was once a tedious manual process that took your employees away from other work, there are now automated reconciliation tools to help your workers reconcile data faster (and more affordably) than ever before. So, what is data reconciliation? Simply put, data reconciliation is the process of both validating and verifying data from several systems. In this way, the system all the data is going to intakes reconciled data, which it can properly consume without losing information.

When talking about millions of records, you can see why automation could go a long way to making data reconciliation an easier task. While full automation is difficult to attain, as many companies simply don’t possess the processing power required, reconciliation improvements are easy to attain and far more accessible. If you want to improve the integrity of your data across the board in one fell swoop, data reconciliation tools are your best bet. Here are just a few of the use cases for automated reconciliation software:

  • Field to Field match
  • Amount to Amount match
  • Quantity to Quantity match
  • M&A
  • Divestiture
  • Data conversion tools
  • Setup Migration
  • Month end closure
  • Data Reconciliation
  • Sub ledger matching with main ledger

Benefits

What are the benefits of data reconciliation?

  • Automated Reconciliation
  • Automated Data conversion audits
  • Drill down dashboards
  • Exception reporting
  • Works with any source and target applications
  • In-built with DataZap Platform
  • Uses ChainSys Data Analytics technology architecture
  • SCALABLE and REPEATABLE
Product Benefits
Product Differentiators

Differentiators

  • Inbuilt Data Reconciliation
  • for all Setups, Master, Transactional data
  • Automated
  • Highly Configurable
  • Highly Scalable
  • Canon: 1000+ Recon dashboards
  • Smooth Cutover
  • Cloud Ready
  • Ease of use

For more information on data reconciliation, contact the team at Chain-Sys Corporation today!