Case Study: Fiduciam boosts reconciliation efficiency and control with SolveXia

Fiduciam Increasing Efficiency and Control for a Critical Reconciliation Process

Fiduciam, a pension-fund owned lender to SMEs, faced a time-consuming and manual weekly reconciliation process for over 150 client bank accounts. This critical task was taking their operations team up to two days each week to complete using spreadsheets, creating a need for greater financial control and scalability. They selected the SolveXia automation platform to address this challenge.

SolveXia implemented a solution that automates the reconciliation with their loan management system, processing data from two banks and multiple currencies. The automated process, which handles over 2,500 transactions monthly, now completes the initial matching in under five minutes, saving up to one business day per week. This efficiency gain allows Fiduciam to reallocate staff to higher-value tasks and provides clients with increased visibility and auditable reports.

Fiduciam

Charlotte De Baere

Head of Operations and Portfolio Management