Cash Statements

When Statements of Cash (MT950/MT940) cannot be provided by the sender, the receiver will inevitably be the receiver of statements sent via Fax or E-mail and in PDF, spread-sheet or word processor form. The ability to automatically capture data received in this manner is not a functional component of reconciliation engines and as such they are reliant upon the user to manually input information, for it to be matched against internal ledger accounts. The obvious time delays and risks associated to manual inputting are well known, which makes this an undesired process.

SCANit's ability to automatically capture data and extract relevant information in order to create a standard message such as the MT950, shields the reconciliation engine from the manual input dependency, and enables Nostro reconciliations to be performed with maximum efficiency.

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