Case Study: Puntored achieves faster financial reconciliation and stronger operational control with Simetrik

How Puntored manages financial control for 18 million users

Puntored, the largest banking correspondent network and Fintech as a Service in Colombia, faced significant challenges in managing its massive volume of over 375 million annual transactions. Using manual methods like Excel and an ERP for reconciliation led to decision-making delays of up to five days, driving their need for an automated system to centralize control and process records from over 48 data sources. They partnered with Simetrik to implement its reconciliation and automation solution.

Simetrik provided a comprehensive solution, beginning with implementation and training to automate Puntored's financial control processes. The vendor's platform streamlined operations, enabling the processing of over 10GB of data monthly and reducing the time for information delivery from five days to just minutes. This automation empowered Puntored's team to focus on strategic issues, leading to a significant improvement in operational efficiency and a decision to expand Simetrik's use to accounting and finance in 2024.

Puntored

Carolina Ramírez

Head of Operations