Recondrive

Recondrive is a specialized reconciliation management platform developed by iorta for banks, insurers, and financial service providers. It automates complex financial reconciliation processes, offering configurable matching rules, multi-source data handling, and audit-ready reporting. Designed to enhance precision, transparency, and operational control, Recondrive helps organizations streamline reconciliation workflows, reduce manual errors, and ensure regulatory compliance across all financial transactions.

Features

• Input file mapping for structured data ingestion
• Recon job automation from file upload to approvals and reporting
• Configurable multi-level matching rules
• Multi-source and cross-reconciliation capabilities
• Recon output reports for MIS and actionable insights
• Approval workflows and task allocation
• Preset templates for common reconciliation types
• Integration with RPA tools for further automation
• User and role management with access control
• Comprehensive audit trails and process logs

Capabilities

• Automates end-to-end financial reconciliation processes
• Supports complex, multi-layered data matching
• Enables real-time oversight and control of reconciliation tasks
• Integrates with enterprise systems and robotic process automation
• Provides audit-ready documentation and compliance tracking
• Scales across departments and transaction types
• Customizable to meet specific business and regulatory needs

Benefits

• Improves reconciliation accuracy and reduces manual errors
• Enhances operational efficiency through automation
• Strengthens internal controls and fraud detection
• Supports data-driven decision-making with actionable reports
• Ensures compliance with financial regulations
• Boosts customer trust through transparent financial operations
• Reduces reconciliation cycle times and operational costs