Enhanced Trade Confirmation Management
Finastra Confirmation Matching Service (CMS) is a leading multi-bank confirmation matching SaaS solution that streamlines post-trade activities for over 1,400 clients. With more than 25 years of industry experience, CMS automates trade confirmations, reducing manual processes and minimizing operational risks. By offering real-time matching capabilities, CMS enables organizations to enhance efficiency, reduce costs, and ensure compliance with industry regulations.
De-risking Trade Confirmations
One of the key benefits of Finastra CMS is its ability to de-risk trade confirmations. By automating confirmation matching processes, CMS helps organizations identify and correct errors before payment instructions are sent. This proactive approach to trade confirmation management minimizes the potential for financial discrepancies and ensures smooth transaction processing.
Automating Treasury Tasks
CMS eliminates manual processing through its high auto-match rate of 96%, along with automated features like Suggest-a-match for mismatches and smartAPI automation. This automation not only improves efficiency but also reduces the likelihood of human errors in the confirmation matching process. Organizations can rely on CMS to handle tedious treasury tasks with precision and accuracy.
Efficiency and Integration
By automating trade confirmations between SWIFT and non-SWIFT counterparties, Finastra CMS facilitates seamless communication across various platforms. Additionally, the solution offers automated netting capabilities and enrichment of settlement instructions, further enhancing operational efficiency. With Single Sign-On functionality and Long Term Archive access, users can easily access and manage data securely, ensuring a streamlined workflow.
Security and Compliance Assurance
Finastra CMS prioritizes security and compliance, having successfully completed rigorous audit certifications. With SSAE18 and ISAE3402 audit certifications in place, organizations can trust that their data is handled securely and in compliance with industry standards. This assurance alleviates the burden of audit and compliance procedures, allowing organizations to focus on their core activities.
Customer Support and Reliability
Finastra CMS is backed by a dedicated support team that resolves 99.6% of inquiries within a single call. This high level of customer support ensures that organizations receive prompt assistance whenever needed. Furthermore, the system reliability of CMS is unrivaled, with managed cloud services maintaining the highest product quality and uptime in the industry. Organizations can rely on Finastra CMS for continuous operational support and system stability.
Optimizing Straight Through Processing
Finastra CMS offers award-winning apps and cutting-edge technology that optimize Straight Through Processing (STP). Features like FX Cash Flow Netting and Standard Netting automate netting processes, aligning with organizations" settlement procedures. Through smart API integration, full netting confirmation automation is achieved, further enhancing operational efficiency and accuracy in trade processing.
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