Cash Payment Matching
Are your Cash Payment Matching processes reactive, manual and causing costly disputes and delays?
The Synergy network has changed Payment processing into a a fail-free STP workflow, through pre payment affirmation
Synergy predicts and eliminates erroneous payments prior to expected pay date. Systemic Matching and Click to Match of all payment types is supported, including payments related to Equity TRS, CDS, IRS, CFD and Manufactured Income.
Organisations are regularly impacted by kickbacks, rework, unauthorised overdrafts and other costs incurred as a result of late or erroneous cash payments. We can help you change this.
0%
STP rate improvement on quarterly roll
AccessFintech’s Synergy Cash Payments Matching Solution enabled a Tier 1 financial institution to replace manual reconciliations and client reporting with an automated process.
Product Offering
Data Aggregation
Data Normalisation
Data Transparency
Vendor Connectivity
Systemic Payment Matching
Exception Management
Communication
Audit & MI
Executing Brokers
- Transparency into the transactions your counterparts know with you
- Self serve and instruct ability on your own and participant data
- A secure and efficient matching process
- The ability to systemically match payments without the requirement for manual effort
- Effective and efficient communication with market participants on true exceptions
- Timely settlement of payments
Prime Brokers
- No requirement for creation of manual client reports
- Method of allowing clients to self serve on data and retrieve most recent statuses
- A secure and efficient matching process
- The ability to systemically affirm payments without the requirement for manual effort
- Effective and efficient communication with market participants on true exceptions
- Timely settlement of payments
Custodians
- Clients self-serving data to retrieve most recent statuses
- No requirement for creation of manual client reports
- Effective and efficient communication with market participants on true exceptions
- Minimal email and telephone queries
- Seamless and timely cash movement
Asset Managers
- Transparency into your transactions with market participants/providers and the associated statuses
- A single place to view all information from all providers
- A Self serve and instruct ability on open exceptions/li>
- Effective communication with custodians, brokers and prime brokers
The Synergy Cash Payment Matching solution provides all the functionality needed to efficiently manage the affirmation process in a single platform.
The Synergy solution offers extensive functionality including STP affirmation, workflow management, collaboration with counterparts and clients, and exception resolution.
Common industry challenges are eradicated with Synergy
WITHOUT SYNERGY
WITH SYNERGY
Resource heavy and reactive cash payment matching
Systemic, proactive payment matching leading to increased timely match rates
Lack of payment data transparency leads to a high volume of emails and telephone queries
The Synergy DataLake allows clients to self-service and match efficiently
Bottom line impact due to payment kick-backs, return fees, unauthorised overdrafts and interest claims
Resolve exceptions prior to pay date through Synergy workflow capabilities
Capital lock-up, caused by unreconciled payment amounts, leading to lost opportunities
Increase ‘right first time’ payments, maximising available capital and reducing reconciliation by collaborating via Synergy
Cost and effort of adhering to specific requirements of individual clients and counterparts
Support individual clients and organisations’ requirement using Synergy’s data normalisation and messaging transformation
Complete, integrated, single point of entry solution
Complete, integrated, single point of entry solution
