Smart Reconciliation System
Do You Need a Better
Reconciliation Solution? Then you should choose Swallow Technology’s
SMART Reconciliation System, the ‘Benchmark’ reconciliation processing
Technology Ltd (UK) pioneered “real-time” automated Nostro
reconciliation processing in the SWIFT environment in 1984. This
pioneering application immediately set the standard against which all
‘reconciliation’ applications were to be measured. Continuous
improvement and expansion of features and functionalities have
maintained the reputation of the Swallow Technology application as the
‘benchmark’ reconciliation package among banks, brokers, and traders
Key features of the SMART reconciliation system
SMART is a fully-featured application. More than 10 business-specific
modules make it the most complete and versatile reconciliation and
exceptions-management tool on the market. Use it to reconcile SWIFT-
and non-SWIFT based transactions, including FX, MM, derivatives,
securities, cheques, credit card transactions, Nostro account
movements, and much more.
Modules are fully functional and self-contained. Implement modules
individually or in any combination to precisely meet your requirements.
Implement only the functions you need. Additional sub-modules such as
real-time account balance prediction, broker confirmations, precious
metal trading or Fund Manager features can be added without changes to
the existing installation or hardware.
Comprehensive security protocols and high-level access control. SMART
satisfies the most stringent audit rules and bank security levels
imposed by Banking Supervisory Authorities.
SMART is a market leader since 1984 with a successful presence in the
international banking scene with systems based on Swallow Tech's
technology totalling nearly 600 installations worldwide.
SMART comes with a strong reputation for fast, effective support with
Help Desk options of up to 24/24 -7/7. Continuous development in
co-operation with the user banks guarantees that SMART remains up to
date with evolving message standards and growing user needs.
Installs into your operating environment on your hardware platform.
Versions available for Windows-NT, Unix, and Alpha-VMS platforms.
Installation and full customisation typically requires not more than
Key benefits of the SMART reconciliation system
Automate your Transaction Matching and Checking
Immediate, detailed, real-time transaction reconciliation; Individual
and flexible matching rules help you to immediately pinpoint exceptions
that require your back-office's specific attention.
Save money and staff time
Prevent capital losses and interest penalties by faster detection of
errors, often before the transaction is completed. SMART immediately
signals mismatches for any relevant data for fast and efficient
‘exception’ processing procedures. STP of all matched items means less
staff time needs to be spent on mundane and repetitive work.
Full-Featured Exception Processing Tools
Fast, accurate identification and case-adapted processing of mismatches
and errors is supported by powerful ‘exception’ processing tools.
Transaction Life cycle Tracking and Management
Fully automatic creation of exception and inquiry folders for
'paperless' processing of items during full transaction life cycle.
Advanced follow-up of mismatched transactions - because time is money
Automatic generation of correspondence for fast and efficient
processing of unsettled items ensures that your staff can rapidly
process all items that need their specific attention where money
matters most. Because errors detected or corrected too late can quickly
turn into severe losses.
Uniquely Powerful ‘Predict’ and ‘Resolve’ Features
‘Predict’ and ‘Resolve’ modules offer state-of-the-art capability to
predict and manage cash and liquidity flows; and to ‘Resolve’
exceptions, mismatches, follow-up requests, investigations, and
effectively manage other typical ‘problem’ situations. (look at RESOLVE
fact sheet for more)
Automate your Free-Format 'Request - Reply' Messages
(look at SERVICES fact sheet for more)
Powerful Management Information Features
Extensive management information features and reports help optimise
work-flows, account balances, control and manage transaction fees and
monitor message quality.
Increase your Operations Security
Complete on-line audit trail provides full processing history on all
user levels. SMART meets all banking audit rules and provides
comprehensive, customisable access protection guaranteeing fine-tuned
access rights to all functions perfectly matching your specific