Reconciling cash intra-day can significantly reduce risk exposure, as any problematic transactions can be proactively identified and escalated. Corona is designed to support bank requirements for nostro and vostro reconciliations.

Using Corona, firms can reduce the cost of error resolution, further improving back office efficiency and control operational costs as volumes continue to rise. Integrated exception management, investigation, escalation and audit trails help to lower operational risk and deliver greater visibility to the cash reconciliations processes.

Corona’s reconciliation model helps to ensure cash positions can be closely monitored along with closing and value adjusted balances, supporting more effective use of cash balances. Firms can project the ledger items expected to be settled during the day and then monitor the flow of monies coming into the account.

This supports institutions to forecast cash flows more effectively and manage liquidity on a real-time basis. By helping to automate processes and remove manually-intensive batch processing, firms can gain greater visibility into positions and control financial exposures more effectively.