Fasmicro Group Unveils Reconcia, an AI-driven Financial Reconciliation Software for the Digital Era

Fasmicro Group Unveils Reconcia, an AI-driven Financial Reconciliation Software for the Digital Era

Owerri, Nigeria: Today, FASMICRO Group, a young and dynamic African brand built on the tripod pillars of integrity, professionalism, and entrepreneurial spirit, delivering quality across its business segments and sectors with unparalleled insights, is unveiling a new subsidiary – Reconcia.

Reconcia is smart software. It uses logical and algorithmic reconfigurable artificial intelligence engines to perform financial reconciliations at scale. It requires no programming skills; just logic engines which are available in Reconcia dashboard. Once reconciliation desired state is established, a company can automate its reconciliation across different platforms. As the data to be reconciled is fed, Reconcia uses the established logical model to effect the reconciliation. It does this by using AI and machine learning to build trend analysis and automate at scale the most repetitive reconciliation activities. This saves cost and puts companies in the dawn of the digital age where more transactions are required to be reconciled nearly in real-time.

Reconcia delivers a smart reconciliation technology that learns on the job – it thinks. The following are the key attributes of Reconcia:

  • Use of Cognitive Learning to absorb business knowledge and auto-learning of match rules; Cognitive Learning tools identify patterns and enhance auto matching
  • High Match Rates – High performance matching algorithm with Artificial Intelligence
  • High Processing Speed – Intelligent transaction matching algorithm which ensures high processing speed and volumes
  • Single Platform – Single solution for all the reconciliation needs (Cash/Nostro, OTC Derivatives, Trade confirmations, Forex, ETC)
  • Complete Data / Transaction Lifecycle Management – Integrated solution which can transform, cleanse, and reconcile the transactions across their lifecycle

Reconcia runs on the cloud which makes it easy for any client to implement. Reconcia Enterprise is also available and can be localized within a firm’s data center. The solution is scalable and supports any size of firm across industrial sectors. The data can be live electronic stream of data or uploaded data depending on the choice of the firm.

The Founder of Fasmicro Group, Prof Ndubuisi Ekekwe, notes: “Again, we have brought the amazing power of AI in another area to facilitate innovation and productivity in Africa. Companies are spending huge resources on reconciliation because most are still manually executed requiring running departments with many headcounts. With Reconcia, you save time and resources while improving quality. I welcome African businesses to take advantage of this solution”.

To schedule a demo, please email info@reconcia.com

 

About Reconcia:

Reconcia is AI-driven reconciliation software that uses machine learning-anchored trend analysis to facilitate financial reconciliation at scale. It has built-configurable AI models which do not require any programming for clients to implement. For more visit http://reconcia.com/

 

About Fasmicro Group:

FASMICRO Group is a young and dynamic group of companies and an emerging brand in Africa. Built on the tripod pillars of integrity, professionalism, and entrepreneurial spirit, FG delivers quality across its business segments and sectors with unparalleled insights. Our key focus is Africa and we operate through three main services – technology/engineering, investments and strategic advisory – to cover a broad range of sectors including technology, education, public sector, financial services, manufacturing, real estate and agriculture. For more visit http://fasmicrogroup.com

 

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