GRG Banking improves account reconciliation efficiency for Bank of China

GRG Banking improves account reconciliation efficiency for Bank of China
Tags: Asia, Australia & Pacific, Bank / Credit Union, Bank Automation, Debit / Credit, GRG Banking Equipment Co., Ltd, Multifunction ATMs, North America, Software, Transaction Processing
March 13, 2008

GUANGZHOU, China — Recently, based on the special and urgent demand of the Bank of China's Shandong branch, GRG Banking customized an Automatic Account Reconciliation System to help the branch to improve efficiency to avoid the mistakes of manual operation and to reduce cost.

GRG's Automatic Account Reconciliation System can provide error locating and handling functions and can check all the different transaction data accurately within 1-2 seconds from the TM journal to the host system. More than 700 of the branch's self-service units use the system and the Bank of China plans to include it in 100 more in the near future.