ZenRecon AI-Powered Bank Reconciliation

One process, not many sheets

Manual reconciliation often relies on multiple Excel sheets for comparing records, calculating differences and preparing vouchers. Here, users upload the source files, run the reconciliation and generate the related voucher and report in one process.

Less repetitive work

Reduces repetitive effort while making results easier to verify and trace.

Wide source coverage

Reconcile settlement from VISA, Mastercard, settlement reports, NPSB, Q-Cash or ITCL switch reports, bank statements, core banking and general ledger exports.

Connect

Bring in files from card networks, switches, Nostro, ATM and bank systems.

Standardize

Validate each file and convert it into one standard record format.

Reconcile

Match transactions automatically and calculate differences.

Review and approve

Work the exception queue with maker and checker approval.

Settle and report

Generate settlements, accounting vouchers and reports.

VISA Card

Matches individual VISA transactions with bank entries using references, dates and amounts. Missing, duplicate and mismatched records are identified separately.

Mastercard

Compares Mastercard clearing and settlement data with bank records, including transaction totals, settlement amounts and outstanding differences.

NPSB

Reconciles National Payment Switch Bangladesh activity against bank-side records, showing matched, unmatched and settlement positions.

Q-Cash / ITCL

Checks Q-Cash / ITCL switch activity and settlement figures against related bank entries to identify and explain differences.

Dashboard

Shows reconciliation activity across all payment channels, including processed runs, matched and pending items, and differences needing attention. Users can open the underlying records from the overview.

Business analytics

Summarizes channel activity, recurring differences, pending-item trends and settlement performance for operational and management review.

No spreadsheet rebuilds

Teams can review completed processing and outstanding items without rebuilding the figures in separate spreadsheets.

Accounting voucher

Once a reconciliation run is processed, the system generates its accounting voucher from the calculated results.

Reconciliation report

Generated from the same results, and tied to the relevant channel, processing period and supporting transaction data.

Configuration templates

Define source-file formats, field mappings and channel-specific calculation settings.

Reconciliation runs

Process uploaded records by channel and period, retaining inputs and calculated results together.

Bank system reconciliation

Compare network or switch positions with the bank's transactions and balances.

Review and evidence

Track unmatched records, differences and the supporting reconciliation information.

Matched

Transactions and amounts that agree under the reconciliation rules.

Difference

Records or amounts that require investigation or adjustment.

Pending

Items awaiting resolution or a later settlement check.

Nostro accounts

Reconcile Nostro account statements alongside card and switch settlement.

ATM transactions

Bring ATM transaction files into the same reconciliation process.

File validation

Imported files are checked for format, required fields and duplicate records before processing.

Standardized records

Data from every source is converted into one standard format, so it can be matched consistently.

Exception queue

Missing entries, duplicates and amount mismatches are collected in one queue.

Priority sorting

Exceptions are sorted by type, source and priority, so urgent items are handled first.

Exception review

Each exception is investigated with the related source and comparison records.

Role-based access

Permissions decide who can view, review or approve each part of the process.

Maker and checker

One person reviews an exception and a second person approves it.

Audit trail

Every review, approval and change is logged with the user and time.