Reconciliation Reimagined

Daily Reconciliation Revolution: A Milestone in Fund Transfer Efficiency

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Problem

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  • The erstwhile monthly reconciliation of mutual fund transfers at a leading Canadian bank led to delayed discrepancy detection, added operational costs, and financial risks.

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Solution

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  • I orchestrated a transition to a daily reconciliation model by
  • Automating data extraction from the FundServ portal using Selenium and Python, eliminating report generation costs.
  • Developing a UI automation suite for efficient data retrieval from the bank's book of records post-transfer execution

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Achievements

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  • Slashed transfer discrepancies by a remarkable 97%, ensuring timely discrepancy resolution.
  • The automation translated to significant time and cost savings, bolstering operational efficiency and financial security.

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My Role/Responsibilities

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  • Business Analysis
  • Automation Deployment
  • Financial Workflow Streamlining

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