Job description
Posted on:
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This case study focuses on a multinational bank which used SolveXia's automated processes to fix its reconciliation of wholesale banking transactions problem.
Key metrics:
- Automation deployed in 3 months
- 250 steps in the automated process
- Dashboard view to drill into results
- Over 3 passes through the process each month to provide time to address reported reconciliation issues
- Over 500,000 transactions reconciled each month
- Data extracted and transformed from over 50 source files
- 2-4 days of time savings
- 1.5 FTE of overall manual effort savings
Responsibilities
Job requirements
Client
Multinational bank with 30k+ employees and over seven million customers
Problem
Need to perform complex, product-specific reconciliations to support capital adequacy attestations to the regulator
Solution
Automated reconciliation of over 500k transactions each month with results generated 2-4 days earlier and a saving of 1.5 FTE
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