Escrow Account Reconciliation for a leading UAE bank

banking-sector-accounting

Challenge
The client has one of the largest real estate portfolios in UAE.
The escrow team of 4 members, spend a day each week reconciling the accounts manually, requesting updates from account management teams and making changes wherever necessary.
The client was keen on having the reconciliation automated and performed at the end of every business day.

Solution
Bot was developed to identify the key reconciliation parameters and documents.
Bot mimicked the exact human actions performed during the reconciliation process .
At the end of the process, non-reconciled part of output generated was sent to the account management team and the reconciled part was uploaded in the systems for further action.

Benefits
At the end of the process, non-reconciled part of output generated was sent to the account management team and the reconciled part was uploaded in the systems for further action.

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