Infosys Transaction Reconciliation System (ITRS) provides full set of reconciliation capabilities and helps financial services firms to meet their imperatives. ITRS is data-agnostic and is designed to facilitate quick and easy configuration of reconciliation jobs with minimal IT intervention. Its functional components provide adequate and strong control points allowing greater visibility into transaction and exception handling processes.

ITRS helps to achieve the following:

• More efficient operations and Improved Return on Investment (ROI) by migrating all reconciliations onto a single strategic platform.

• Straight Through Processing (STP) from source data loading to exception management in the entire chain of reconciliation process and help in complying with all the mandated regulatory requirements.

• Innovative ‘scale-out’ architecture used for the core reconciliation & optimization engine translates into significant reduction in costs, enabling maximum automation with near real-time reconciliations.

• Generic platform to run all types of reconciliation processes and provides greater visibility into reconciliations and outstanding positions.

• Reduced operational risk by automating manual processes to enable exceptions-based transaction life cycle processing.

Key Differentiators of ITRS are:

· Enterprise Platform: ITRS is a highly configurable and generic platform. It can be implemented as a centralized recon platform as well as for all types of ad-hoc recons across various departments. The recons can easily be on-boarded into a single centralized instance of ITRS

· Reduced total cost of ownership (TCO): Business users and existing support team can be easily trained to handle the different processes. No need for separate dedicated team, thus reducing TCO. ITRS can be used simultaneously by different Line of Business (LOBs) which in turn reduces TCO.

· Configurable: Extremely configurable, easy to enhance/change based on changing requirement. Business users can be trained to manage the processes.

· Faster Time to Market: Easy and fast to on-board a new process and move it to production. Simple scenarios can be production ready in less than 3 weeks.

· Flexible for additional client requirements: ITRS is designed to be easily customized based on additional specific client requirement.

Infosys Transaction Reconciliation System (ITRS)Infosys Ltd

Infosys Transaction Reconciliation System (ITRS)

Infosys Ltd

Infosys Transaction Reconciliation System (ITRS)

Infosys Ltd

Infosys Transaction Reconciliation System (ITRS)
Infosys Ltd