Automated banking reconciliation
Operations and finance teams reconcile core banking transactions, payment and settlement feeds, bank statements, subledgers, and the general ledger. Different identifiers, cutoffs, reversals, fees, and exchange rates create recurring breaks that are difficult to assign and explain at period close.
The challenge behind the workflow.
Operations and finance teams reconcile core banking transactions, payment and settlement feeds, bank statements, subledgers, and the general ledger. Different identifiers, cutoffs, reversals, fees, and exchange rates create recurring breaks that are difficult to assign and explain at period close.
Connect customer, account, transaction, and finance data so operations and risk teams can work from consistent definitions. These workflows address fragmented systems, time-sensitive exceptions, and decisions that need a clear evidence trail.
Data to bring together
- Core banking transactions and payment settlement feeds
- Bank statements, subledgers, and general ledger entries
- Approved matching rules, accounting calendars, and currency references
Source systems are examples of the data required. Confirm connector availability, permitted access, refresh timing, and the authoritative owner before implementation.
How Genedata supports the work.
Configure one connected workflow, then reuse its mappings, definitions, and review process as the business grows.
- 01
Connect and prepare
Normalize identifiers, amounts, currencies, value dates, and posting dates while retaining original records. Validate control totals, duplicate events, and feed completeness before running the reconciliation.
Build the preparation as a reusable visual workflow or reviewed code, with explicit source mappings and validation checks. - 02
Investigate and validate
Apply versioned matching rules for exact matches, approved tolerances, and grouped transactions. Separate timing differences, reversals, fee differences, and unexplained breaks, then assign unresolved items with their evidence and responsible owner.
Keep shared definitions and source versions with the analysis so another team can reproduce the result. - 03
Publish and review
Publish a reconciliation status view and an exception worklist with aging, resolution notes, and sign-off evidence. Send reviewed adjustment proposals to the authoritative accounting workflow and retain a reproducible record of each run.
Make the output available to the right people with appropriate access, ownership, and review evidence.
A controlled banking reconciliation and exception workspace
Make the next run easier.
Data teams configure reusable mappings and matching rules; operations staff investigate a shared exception worklist instead of comparing files manually. The same source references support daily controls, period close, and later audit questions.
Start from one approved example. Save the agreed mappings and definitions, publish the reviewed output, and let the next team follow the same evidence instead of rebuilding the preparation.
Measure your own improvement
Compare manual matching effort, aged unresolved breaks, reconciliation preparation time, and the time needed to explain a resolved difference.
Record a baseline before the pilot and compare like-for-like work afterward. Results depend on source quality, configuration, and adoption.Review and responsibility
Finance and operations owners approve tolerances, classifications, and corrections. No discrepancy should be silently discarded, and accounting entries or payment instructions require the bank’s established authorization process.
AI with professional judgment.
Use AI to summarize evidence and explain exceptions. Credit, account restrictions, and financial-crime decisions remain subject to authorized review.
Try the workflow with your team.
Use representative, approved sample data. Agree the expected output and a review owner before extending the workflow to a live process.