Save time, effort & reduce risk
with miFIN™ Recon
In today’s volume driven, complex and regulated operations environment of enterprises, having an automated reconciliation process can help in reducing costs and risk, achieving compliance and significantly improve the overall financial back-office process. The miFIN™ Reconciliation Software helps you do this by introducing a configurable rule-driven framework to define and automate the bulk of your reconciliation activities. It makes it easy for users to migrate from manual to a system driven process. It realizes the need to have necessary manual interventions and hence also provides for manual reconciliation.
miFIN™ Recon aims to transform reconciliations, which is one of the most important periodical financial back-office processes, and yet has been historically overlooked by IT systems. Without an automated mechanism, the recon process ends up being time consuming, person dependent, spreadsheets driven & risky.
Sample Use Cases
Bank Account Reconciliation
Company Cash Reconciliation
Debit & Credit Cards Transactions
Why miFIN Recon?
Flexible and configurable
You can define and maintain dynamic recon rules, with multiple parameters, making it customizable for your specific recon processes. It also provides for manual reconciliation mode in addition to the auto reconciliation mode.
Reduce time, costs and risks
miFIN™ Reconciliation Software helps reduce human intervention and time for reconciliation thus reducing direct and indirect costs and risks.
Intuitive and easy to use interface for managing recon rules and manual reconciliation by business users.
Easily integratable with third party application processing systems, and spreadsheets for feeding transaction data for reconciliation. Ability to upload .CSV format data files for reconciliation
Highly configurable recon rules with an ability to set user-defined tolerance, and facilitates auto as well as manual reconciliation