Product Update: Revamping our daily reconciliation process

Learn more about our upgraded daily reconciliation, built to give teams a faster, clearer, and audit-ready view of their financial position.

As a Money Services Business, Brokerage, or other financial institution, you rely on reconciliation to confirm exactly where your business stands at the close of each day. It is the record your finance team, your management, and your regulators depend on. We understand how much rests on getting that snapshot right, and we are committed to being the most trusted and reliable partner in delivering it.

Kooltra is pleased to share a significant upgrade to daily reconciliation within Operations Core.

Daily reconciliation gives teams a high-level financial snapshot across every currency, confirming cash balances, adjustments, nostro balances, translation g/l, cash equity and unrealized equity. This release makes that process faster to work through, easier to report on, and simpler to tie out for audit. Highlights include:

• Updated Cash reconciliation that includes support for internal accounts and enhanced UX features like freeze panes and hiding inactive accounts
• Deeper incorporation of Reconciliation adjustments, with their own page and alerts for anomalous adjustments that may be causing breaks 
• A new Equity section that summarizes cash and unrealized equity by account and nostro group and a management report capability that can email the summary to your management team
• Enhanced supporting files that tie out cleanly for audit, including a detailed adjustments file, linked adjustment IDs, and validated nostro and vostro positions

This release improves usability across the reconciliation workflow, strengthens the audit trail behind every snapshot, and establishes reporting your management team can rely on daily.

Key Benefits

A clearer daily financial snapshot

The new Equity section brings assets, liabilities, unrealized PnL, and unrealized fees into a single summarized view, broken out by nostro group and account group. With internal accounts now clearly broken out, teams see a complete picture of the entity’s position and can send a management-ready equity report at the close of each day.

Built to work at scale

Frozen panes and an inactive-currency filter make large reconciliation grids far easier to navigate, so teams working across dozens of currencies and adjustments can move through their end-of-day process with less friction and greater confidence.

Audit-ready by design

Every figure is backed by files that tie out. Adjustments now export in a clear format with entity base amounts, each adjustment links to its underlying cashflow, and nostro and vostro position files reconcile against the balances they support, giving finance and operations teams a dependable trail for tie-outs and reviews.

Greater observability into breaks

When a cash reconciliation does not tie out, teams no longer have to hunt for the cause. Alerts are now surfaced directly to reconciliation users, explaining why a break may have occurred so it can be investigated and resolved quickly, with less manual review.

More flexible workflows

Teams can complete a reconciliation even when individual nostros remain outstanding, with a clear warning where items are still open. We now also support back-value cashflows and the ability to re-sync a reconciliation after end-of-day has run, so teams can handle late entries and edge cases without disrupting the day's snapshot, alongside improvements to periodic reconciliation that support month-end and quarter-end reporting at scale.

This is the first in a series of reconciliation enhancements, with further improvements to periodic and bank reconciliation on our roadmap.
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Kooltra is a worldwide leader in end-to-end foreign exchange and global payments infrastructure. The Kooltra Core Platform empowers financial institutions with scalable technology that accelerates revenue growth, reduces operating costs, streamlines compliance, and automates regulatory reporting.

By bringing employees and customers together on a single cloud-based platform, Kooltra ensures a transparent view for each department into the customer and transaction lifecycle, providing reassurance in your operations.

Ready to learn more? Book a strategy call with our team.

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