Onboard fast with machine learning and flexible data ingestion.
Use Natural Rule Language to spin up controls without coding.
Focus on true exceptions thanks to our best-in-class matching engine.
Flexible ingestion & setup
Ingest and normalise data from multiple flat files, with no need for coding. Load your data with little or no transformation then start building reconciliations in minutes with our unique Natural Rule Language.
Duco Alpha – our machine learning engine – speeds up setup even further by analysing your data and suggesting field matches to minimise manual work.
Best-in-class matching engine
Stop wasting time on breaks that should match! Our proprietary matching engine provides market-leading match rates while fuzzy matching reduces the number of false breaks. You can focus your time on investigating true exceptions, speeding up resolution.
Supercharge your workflow with powerful features to automate repetitive tasks and speed up exceptions handling. Connect processes for a deeper understanding of your data and build rules to automatically categorise and allocate exceptions.
Duco Alpha suggests labels based on your previous activity, allowing you to quickly assign breaks to the relevant teams or send data to downstream systems.
Total visibility for greater control
Harness the power of Duco’s Data Platform to bring together up to ten years’ worth of cleansed and normalised operational data. Enable greater decision making with complete oversight of your data and build downstream integrations without code. Plug into tools like Tableau and Power BI for greater analysis, or feed into your machine learning tools.
Start strong, get stronger. Duco provides you with a totally transparent view of your data, so you can see exactly where and how breaks are occurring. You can then fine tune your workflow as you continue using the platform. This enables you to increase the efficiency of your processes going forward, unlocking greater agility for your organisation.
Reconciliation is part of the Duco Platform
Ultra Fast Deployment
Live before you can say ‘no implementation projects’. Get started in 24 hours.
Duco Alpha sits at the core of the platform, automating complex and repetitive tasks.
Standardise and control your data across your organisation.
We looked at a number of systems but Duco stood out for its agility, self-service capabilities and SaaS deployment model. It is the only solution that truly empowers our operations team to build and manage reconciliations themselves.”
Head of Financial Market Operations, ING
“We have been particularly impressed with the flexibility of Duco and the speed with which we were up and running. The platform was able to handle complex data straight out of the box, enabling our operations teams to start setting up controls themselves with minimal training.”
Group Treasurer, World First
“We are very impressed with Duco as a valuable reconciliation tool. We’ve been rolling it out across increasing product areas globally and have seen significant efficiencies already.”
Chief Risk Officer, R.J. O’Brien
Reconciliation Software FAQs
What should I look for when purchasing reconciliation software?
There are some characteristics that all good reconciliation software should have, regardless of your particular use case or business setup. These observations come from our years of experience dealing with financial firms of all sizes across the globe. The following features are vital to ensure you get the most from your reconciliation platform:
Flexible ingestion: Look for a tool with the capability to ingest data in many formats. Good reconciliation software will remove the ETL layer and provide capabilities to prepare data as well as ingest it.
Best-in-class matching: Match rates are vital. A solid reconciliation tool should have fuzzy matching and rule-based tolerances to filter out false breaks due to formatting or rounding. It should also have strong controls around these rules to ensure auditability.
Ease of building and managing: Platforms where business users who know the data can build and modify processes will save time, money and headaches. Avoid systems that require massive change projects just to build or change a rec.
Exception management capabilities: Ease of use is the name of the game here. No matter how good your match rates are, you’ll still have to manage exceptions. The ability to label, comment on, assign, and resolve exceptions from one screen is vital. Automated or rule-based exception management is even better.
Reporting capabilities: The ability to feed data downstream and view status and results on a dashboard is key to oversight and identifying the trends that signal upstream problems.
Total cost of ownership: Consider upgrade costs, maintenance costs, IT and project costs, and intangible or opportunity costs. A cloud-based solution, for example, will cost you significantly less than an on-premise deployment, while providing much greater scalability.
How can reconciliation software like Duco help me?
Duco enables you to have confidence in your data by checking its accuracy, flagging any discrepancies and providing a streamlined workflow for resolving breaks. The platform combines data preparation, normalisation, validation and reconciliation, giving you a transparent and auditable view of the end-to-end process lifecycle.
Beyond this, the Duco platform’s ability to focus on genuine reconciliation breaks, by removing the ‘white noise’ of false breaks and automating the resolution of routine exceptions, allows our customers to shift their focus upstream. They are able to fix data quality issues at source, permanently removing bad data downstream. This ensures that they can trust their data and removes the need for extensive and expensive manual intervention.
How long does it take to get reconciliations up and running on Duco?
Implementing the Duco can be done in a matter of days without large IT projects. The platform is Software as a Service (SaaS) so is available to use almost immediately, with no installation needed. Then, depending on the complexity, you can build a reconciliation from scratch in a matter of hours.
More complicated reconciliations can take a few days or a few weeks, depending on your internal processes and requirements.
Duco can be completely self-service, but – for added speed – you can also take advantage of our professional services capabilities, where our reconciliation experts can help you build and deploy your reconciliations.
Why should I consider a cloud-native/SaaS reconciliation solution?
You can respond much quicker to changing business needs with a SaaS platform, enjoy significantly lower total cost of ownership and easily access the latest tools and capabilities. As a Duco customer you’ll benefit from continuous innovation, with new features and improvements rolled out seamlessly on a monthly basis.
It’s also easy to adjust your usage of the platform, scaling to meet new volume or use case requirements, or to serve different teams and geographies. Compare this to an on-premise deployment, where not only do you have the cost of hardware and maintenance, but also changes/upgrades require major and expensive IT projects.
What can I do with the data captured in Duco?
Once the data is reconciled, you can use Data Platform to pull the data, breaks and workflow information into visualisation tools like PowerBI or Tableau, feed it into Excel or SQL databases, or push it to other internal systems or reports.
Duco stores several years’ worth of historical data so you can use it to spot trends and identify points of failure in processes. You can also export the data to upstream processes or downstream for other reporting purposes.
Can I schedule my reconciliations?
Yes! With Duco you can schedule data prep processes and reconciliations to run at specific times of the day, or when pre-defined levels of data have been received from counterparties or internal teams.
Can I see a demo with my own data?
Absolutely. Contact us to discuss your reconciliation needs and schedule a demo.
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