OptiRecon provides banks with leading-edge tools to perform detailed balancing and reconciliation of ATMs, carriers and cash vaults. At most financial institutions balance and reconciliation tend to be manual, labor-intensive processes involving manual matches followed by manual creation of the associated general ledger transactions. These efforts are highly prone to error and lack the safeguards and controls necessary to meet audit and Sarbanes-Oxley requirements.

 

OptiRecon reduces the chance of error and eliminates redundancy by automating the exchange of data between the various financial systems, including ATMs, carriers and vaults. OptiRecon works seamlessly with Transoft’s OptiCash module to incorporate the forecasting and optimization data produced by OptiCash. This improves accuracy and significantly reduces the effort required by banking staff to balance and reconcile multiple systems.