Citi Straight Through Reconciliation
The Citi Straight Through Reconciliation (STR) product enable s the flexibility and enhancement of information capture & reporting to deliver a global standardization of data presentation in order to assist clients with maximum Straight Through Reconciliation. Customers are able to receive globally consistent itemized and enriched statements to support their straight through reconciliation needs as well as exception reporting to aid in investigations. Supporting the needs of our global client base customers are able to receive Itemization & Enriched Information in a variety of file formats such as ISO XML, UN EDIFACT; BAI, and SWIFT FIN.
- Fully automate the reconciliation of bank statement entries
- Reduce costly, inefficient manual reconciliation activities
- Identify and resolve problem payments quickly
- Simplify management of rejected and returned items
- Speed up and streamline cash application processes