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Ascent Resilience Solutions India Pvt Ltd , a subsidiary company of Ascent Technology Consulting today announced that all its proprietary Software Products AutoRecon, ProMart Escrow and AutoBCM has won Ascent a Super Trophy at TECHNOVITI 2017 Awards.
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Ascent Technology Consulting is a niche software and services company, specialized in providing real-time transaction matching and enterprise-wide automated reconciliation solutions for the global industry. Ascent AutoRecon© Benefits CONSULTING | TECHNOLOGY | SOLUTIONS FINANCIAL STABILITY THROUGH AUTOMATION Ascent DNA is in building operational efficient solutions for its clients across Middle East, GCC, US, UK Malaysia and Africa. Ascent AutoRecon© has proved itself to be the fastest growing Reconciliation Software Product in its class. The company is headquartered in Dubai, with client and office locations spread across the world. With a combination of technical know-how and domain knowledge, we provide solutions that are customizable, yet cost effective. DATA INTEGRITY Ascent AutoRecon© system integrates with Bank’s Active Directory for user authentication and offers Role Based Access Control (RBAC) capability as a standard feature. © Multiple profiles are assigned to business users and data integrity is assured by masking sensitive data field at view level. HIGH VOLUME PERFORMANCE Ascent AutoRecon©’s engine is clusterable and a single recon job execution can distribute the load across the cluster nodes to optimally utilize the system resources. Thus, it is easily scalable to large transaction volumes and user base without re-deploying and extending the solution. KINGDOM OF SAUDI ARABIA UK UAE (DUBAI) USA (BOSTON) EXCEPTION HANDLING Every transaction has a Drill-Down feature and workflow / case management can be initiated at exception management level. A complete audit trail and log for each transaction is always maintained. INDIA (HYDERABAD) KENYA Consequently, Ascent AutoRecon© manages exception handling through streamlined workflow. Headquarters Sales & Consulting Research & Development INTEGRATED CASE MANAGEMENT Ascent AutoRecon© maximizes investigation case flow of extreme exception cases and streamlines the workflow through integrated case management. India Office Ascent Resilience Solutions Pvt Ltd 101, First Floor, Bhan’s Aarohan Plaza Punjagutta, Hyderabad, Telangana, India Phone: +91 40 23331739 email: info@ascentitgroup.com www.ascentitgroup.com Head Office - Dubai Ascent Technology Consulting 503, Saba 1 Tower, cluster E, Jumeriah lake towers, Dubai, United Arab Emirates. PO Box: 450576 Phone: +971 43 693506 email: info@ascentitgroup.com www.ascentitgroup.com CONSULTING | TECHNOLOGY | SOLUTIONS It’s intelligent inbuilt validator, proactively identifies the risky cases and resolves unmatching by investigating authentic data from different nodes of database.
Features of Ascent AutoRecon© A comprehensive solution for real-time analysis with Straight Through Processing Technology Ready to deploy and use for various business sectors like banking, hedge funds, investment managers, prime brokers, broker/dealers and custodians Integrates with almost any existing enterprise upstream systems Reduces manual effort, errors, risk and exposure & replaces paper and spreadsheets Provides secure environment through traditional on-premise & SaaS implementation Improves operational efficiency and visibility while reducing operational risk and ongoing operational costs Avoids additional development effort through rich web based UI DATA MANAGEMENT SERVICES Harmonization of the transactional Data from various Up-Stream Systems which involves validations, enrichment, transformations, de-duplication etc. RECONCILIATION SYSTEM UI based configurable matching rules which incorporate complex business intelligence. Scenario based automated transaction matching.. Ascent AutoRecon© is an intelligent banking reconciliation software, built on Next Gen Technology, providing an end-to-end enterprise-wide scalable solutions for complex transaction and exception cases. It is a highly configurable, real-time and cloud-based reconciliation solution, which helps achieve higher levels of STP through multiple matching rules, rules driven exception processing and automated follow-ups. The web based software is built on a high performing reconciliation platform, which can efficiently manage the diverse data pre-processing, validation, enrichment, reconciliation, exception management, information flow, risk repository, archiving, auditability and financial control needs of any small / medium / large institutions. Business Areas enterprise reporting, downstream Increase your proftability & competitiveness by real-time reconciliation AutoRecon Life Cycle Management BANKS PROCESSORS Ascent AutoRecon© architecture is designed to serve multiple customers in a single instance and this multi-tenancy feature makes the solution highly cost-effective. ENTERPRISE INTEGRATION Integration with the upstream systems for transaction data input Configurable data structure template. RBAC & WORKFLOW Business users access through authorizations and RBAC Flexible workflow management CAPITAL MARKETS TREASURERS Ascent AutoRecon© ensures financial stability through automation of reconciliation processes of varied banking & non-banking business areas such as AUTORECON REGULATORS CORPORATES CORE BANK ATM Transactions Visa & Master Cards Nostro & Vostro General Ledger Fund Transfer System Wages Protection System E-Commerce Telecom Assets ATMEJ 1 million transactions / 2.39 mins 99.9% reconciliation in real-time SWITCH Inelligent Matching Algorithms Rule Driven Exception Management ENTERPRISE REPORTING & DASHBOARDS Configurable Enterprise Reporting & Dashboards Pre-Canned template Based Scheduled report generation & event based publishing Standard operational & performance reports will be configured. EXCEPTION MANAGEMENT Fully integrated & Configurable on-line management of exceptions summary, balances and details transactions with drill down capability.. NOSTRO VISA/MASTERCARD Ascent High customer staisfaction with real-time break resolutions Augmented performance & volume scalability Multi Institutional ATM SECURITIES SWIFT CARDS GL UTILITY Customizable & configurable ISSUER/ ACQUIRER Saas & On-premise