Case Study: Leading Financial Services Company achieves 95%+ automated match rate and scalable reconciliation with Precisely Data360

Leading Financial Services Company - Customer Case Study

Leading Financial Services Company, one of the largest U.S. financial institutions with nearly 7,000 branches and 4,000 consumer finance and mortgage offices, processed several million daily transactions through disparate systems and was achieving average match rates under 50%. The institution struggled with late or invalid files, labor-intensive discrepancies that produced many suspect matches, mismatched reconciliation applications across lines of business, time-consuming manual research, and a lack of scalability—so they turned to Precisely for a comprehensive solution.

Precisely implemented Precisely Data360, a configurable enterprise data intelligence platform that centralized rules, tracking and validation, segregated work queues, research visibility, productivity tools and a full audit trail. The platform automated matching to exceed 95% automated match rates, supports over 1,200 concurrent reconcilers, cut manual effort and IT change-management overhead, and enabled scalable onboarding of new reconciliation areas across the enterprise.