Collecting bank statements from many portals with various security protocols can be tedious and time consuming. Manually integrating and normalizing the data from various sources into a single spreadsheet for analysis can be challenging and error-prone. Bank account management is difficult, but Fides is here to help.
Fides’ Account Reporting System provides you with a simple way to normalize and validate all bank transaction information. This allows the opportunity to produce the same report in a fraction of the time and it’s all at your fingertips. ARS consolidates account information such as balances, transactions, and booking texts from your banking partners around the world. The solution then consolidates the integrated statements and data into the format you require (i.e MT940/42, BAI, AFT120, etc.).
Access to the final formatted files can be offered through integration with your existing ERP or TMS, via the ARS web portal or even a hybrid model of multiple integration options. Whichever delivery method you choose, ARS will automatically optimize and perform all of these tasks so you no longer need to