Challenges
A leading global investment management firm handled massive volumes of data from internal systems, vendors, and PDFs. Their manual data extraction and reconciliation processes were slow and error-prone and couldn't meet growing demands. As their operations scaled, so did the complexity, making accuracy and transparency challenging to maintain. They needed a faster, scalable solution to process and reconcile data effectively.
The client's challenges included:
- High TAT for extracting and reconciling data
- Inaccuracies in reconciled outputs
- Lack of visibility and audit traceability across workflows
- Difficulty in scaling existing workflows to handle increasing data complexity
Solutions
Straive implemented an automated data solution to streamline and enhance comprehensive data extraction and reconciliation. Key features of the solution:
- AI-enabled reconciliation engineto process large volumes of data with improved accuracy
- Validation and exception management workflows to handle data gaps and anomalies
- Automated alerts and audit trail logging to enhance transparency and governance
- Customizable templates for different data file types to improve flexibility
- Integrated dashboards to track reconciliation results and operational KPIs
- Scalable data framework enabling integration with new sources and file formats
Impact
- Improved Accuracy – Enhanced precision in reconciliation outcomes
- 90%+ Reduction in TAT - Significant acceleration in processing timelines
- Enhanced Transparency – Comprehensive audit trail and user accountability tracking
- Customized Efficiency – Reusable templates enabled faster onboarding of new data types
- Seamless Scalability – Easily extendable across data types and reporting needs
- Operational Visibility – Dashboards provided actionable insights and performance metrics
About Us
At Straive, we operationalize data analytics and AI for global enterprises. We leverage our unique people-process-tech framework to build the best-of-breed data analytics & AI solutions. By operationalizing this solution into your core workflow, we deliver real-world measurable impact and better ROIs through a combination of higher efficiency, elevated experiences, and enhanced revenues.
For more information about our services and how we can help you operationalize data analytics and AI, please visit our website: www.straive.com contact us at contact@straive.com.
