iCom Reconciliation

AUTOMATE DAILY BALANCING WITHIN THE CASH SUPPLY CHAIN

The manual processes related to balancing cash orders and shipments are not just costly – they are slow and error-prone. As labor costs grow and security issues intensify, financial institutions need more efficient, accurate and responsive reconciliation methods.

iCom Reconciliation is a web-based solution that automatically reconciles cash orders and shipments for branches, ATMs, transport providers and vaults from within the iCom system. Through rapid matching, reconciliation, research and resolution of exceptions throughout the cash lifecycle, the system streamlines the entire balancing process – eliminating errors and reducing costs. Moreover, this solution is quickly and easily implemented by Carreker's cash management experts.

iCom (Integrated Cash Operations Module™) is the leading web-based cash inventory management system that allows for reductions in cash inventories and armored carrier expenses by 20 to 40 percent. By adding the iCom Reconciliation module, users can further optimize cash supply chain and service provider management.

What's more, iCom ties each element of the cash network together, recommending the most efficient transportation schedule, indicating whether depots have sufficient cash to meet orders, and notifying the appropriate cash analysts when balances are low. Comprehensive tracking and reporting capabilities further improve your ability to optimize cash inventories.

The iCom reconciliation module accurately reconciles cash orders and shipments for ATMs, branches, vaults and couriers by leveraging cash order and delivery information contained in the iCom system. Vendors can send reconciliation data electronically, in multiple formats, or manually key data into the system over the Internet.

Orders or shipments over designated thresholds are flagged for reconciliation. Each item is aged and the system alerts users of aging status. Complete audit trails of activity relating to unmatched items are available, so that detailed reports can be created for management.

Additionally, iCom Reconciliation enhances security with user-controlled access to the system. Vendor accountability is monitored through automatic reconciliation of delivered amounts to ordered amounts, and through timely reporting and audit trails enabling users to quickly pinpoint problems and prevent losses.

BENEFITS

• Improves productivity by automating manual processes
  
• Eliminates common reconciliation errors
  
• Reduces losses and speeds matching by alerting users to unmatched items
  
• Ensures vendor accountability
  
• Provides complete audit trails of shipments and deliveries
  
• Integrates quickly into the existing iCom system
  
• Offers a central mechanism for transportation reconciliation
  

For more information about this solution, download the brochure (PDF, top right). You can also contact Brian Jorgenson at 972.371.1649 or complete our Information Request Form.