INTRAC

Inter-branch reconciliation of huge volumes of transactions made simple and easy.

INRAC covers the entire operations of the tedious inter branch reconciliation process in Banks. It empowers the banks to identify and reconcile the errors in transactions between branches. It provides highly accurate reports required by the Bank to initiate steps to drastically minimize unreconciled entries by amount and number.

INTRAC supports multiple matching processes like:

Full Matching.

Partial matching.

Manual matching. 

The application generates a number of reports that help the Accounts department to identify and follow-up with the branches for further reconciliation. Apart from covering the entire process of inter-branch reconciliation (IBR), it can handle the Inter-branch Draft reconciliation (IBDR) process, which is also a critical need of Banks.
With the help of "Branch Kit", the branches can send the required data using the electronic media on a real-time basis. Non-automated branches can send their data using the floppy interface mechanism.
INTRAC can be interfaced with TBA or CBS, thus avoiding re-entry and redundancy of data. Thus the system would function as a cohesive single entity.