Our Bank Recon solution was designed to assist clients with reconciliation of unallocated items appearing on their bank statement.
Bank Recon allows you submit queries pertaining to deposits that you are unable to allocate , through an online platform. Standard bank will then provide additional information that will help you identify the source of the payments made into your account.
Details of all queries logged, are recorded on the system for future reference. Over time, the system is able to automatically match deposits to potential debtors and proactively suggest a resolution when a similar query is submitted. This speeds up the payment allocation process.
For more information on how our comprehensive suite of products can help your business to improve collections, please contact your banker.
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