FIS Managed Reconciliation Service
The FIS® Data Integrity Manager (formerly IntelliMatch) team is already racing ahead of the pack. We’re taking data integrity to the next level and boosting efficiency and agility along the way. Whether you’re in banking, insurance, capital markets or any other industry, we can help drive you forward and redefine reconciliation. Data Integrity Manager performs account-level balance and transaction proofing at high speed, while an integrated workflow engine seamlessly automates review, approval, exception management and escalation processes. Access the solution’s intelligent capabilities from any device or browser, online or from the desktop. Trust one-click navigation to race through high volumes of items and take you straight to the task in hand. Optimize automation with our AI powered Virtual Reconciler that uses machine learning to accelerate everyday reconciliation tasks and improve efficiency.
FIS Managed Reconciliation Service (MRS) is a fully managed, hosted service, designed to reduce the complexity and cost associated with traditional on-premise software deployment models. By hosting and managing our Data Integrity Manager solution for you as a cloud-based service, FIS will cut your operational costs, provide access to expertise, and deliver a highly secure and resilient technology platform. All delivered end-to-end by one vendor: FIS.
With MRS, clients can outsource as much of the reconciliation process as they decide but still stay in control of exception management. The solution goes beyond the scope of traditional SaaS offerings.
Managed Reconciliation Service Benefits
The key benefits of FIS Managed Reconciliation Service include:
- Access to Expertise: By outsourcing IT services to these experts, businesses can avoid the expense of hiring and training their own IT staff. FIS Reconciliation consultants are expert in core, middle and back-office processes such as Cash and Liquidity Management, Treasury Management, Derivatives processing, Trade lifecycle management, Securities Operations and ATM and card processing.
- Scalability: The Managed Reconciliation Service provides a scalable model that can be especially cost-effective for businesses.
- Predictable Costs: The Managed Reconciliation Service is based on a Opex model which includes items such as upgrades and patches. This enables businesses to better manage their budgets.
- Reduced Downtime: Downtime can be costly for businesses in terms of lost revenue, decreased productivity, and damaged reputation. The Managed Reconciliation Service reduces downtime through proactive monitoring and maintenance.
- Business Continuity: FIS Business Continuity Framework is based on ISO22301.
Overall, the Managed Reconciliation Service can help businesses reduce costs by providing access to expertise, improving security, reducing downtime, and offering a scalable and predictable pricing model.