Maximus TRACE (Reconciliation application)
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Overview
The Maximus TRACE automated reconciliation system allows a bank to operate at a new level of efficiency, speeding up the process and reducing efforts and increasing accuracy. Automation includes processing and reconciling huge volumes of data within short span of time. It allows the bank to achieve T+1 reconciliation thereby reducing the float which in turn reduces the cost of funds. It also increases customer satisfaction as reversals are done efficiently.
Maximus TRACE may be coupled with another Maximus product - Maximus INFOXCHANGE. Maximus INFOXCHANGE enables the bank to automate the EJ Pulling and Screen Distribution for its ATMs in the network.
Key Features
Technical features
ØTRACE will provide precise results through a unique reconciliation algorithm that covers the whole transaction process to find out matching transactions, unmatched transactions, amount mismatched etc.
ØRule based Reconciliation - Rules have been set for reconciliation process in a configurable way
ØManaging system reversals and manual reversals
ØAudit Trail - Complete Audit trail is generated for each user
ØRisk Assessment - For unmatched records, detailed explanation will be provided
ØExport to Excel and Export to PDF feature is available for all reports
ØReduction in time spent on searching/pulling data
ØAudit Settlement Report for each transaction
ØCore engine works at the database level, thus increases speed & accuracy
ØDatabase normalization technique to minimize the data redundancy, thus increasing the database performance
ØPurging of huge volume of data with load balancing concept
ØStructured Data - Secure and Easy for Backup
Key Benefits
Reduce Risk
Any settlement risk would be detected at T+1, i.e., within a day of the transaction taking place. This will enable the Bank’s Operation team to detect any risk within 24 hours.
AutomateAutomation of the Reconciliation process has multiple advantages including lowering the FTE requirement. Manpower savings can then be deployed to higher value tasks viz., analysis and risk management.
Lower your Cost of FundsAutomated and fast reconciliation of transaction enables a Bank to reduce its float. This in turn helps with the CRR and results in a lower cost of funds.