News

SmartStream Air - the most advanced reconciliation of (not only) banking transactions

Today's reality is large volumes of data in various non-standard formats and structures, which are either still checked using Excel spreadsheets or these tasks are not performed at all.

SmartStream (the originator of the Corona or Aurora reconciliation solution) has an really extensive experience in reconciling large data sets for banks around the world, decided to reflect the current global trend - the use of artificial intelligence (AI) tools to speed up, simplify and refine the matching of different data.

Artificial intelligence behind SmartStream Air compares data sets, gradually learns and improves based on the results, user behavior. For the customer, the use of AI also means saving time, costs and human resources, transparent TCO and fast ROI.

Learn more about SmartStream Air

Universal insurance company UNIQA pojišťovna, a.s. has decided to simplify the current method of electronic communication with its banks. In the first phase, it decided to proceed with the automatic processing of daily statements from all banking houses where it maintains its accounts.

The Multicash^® Payment Factory solution offered by Management Data Praha seemed to be optimal. As part of the implementation, communication with individual banks was optimized and statements are now automatically downloaded, divided according to the statement date and account number (STA splitter application) and stored in the required location, from where the next process transfers them for final processing in the client's information system.

More in the case study (only in Czech here).

About UNIQA: https://www.uniqa.cz/about-us/

Management Data Praha, as the conference partner, invites you for the 18^th International treasury corporate conference on June 9th 2021.

You can see (only in czech) and register free to the event here: Treasury Forum 2021

We look forward to your visit at the most important treasury event in the Czech republic in 2021.

You can find more details about the event  in the czech section "Online Konference Treasury Fórum 2021"

Bohemia Energy Group, a leading alternative supplier of electricity and gas in the Czech Republic, decided to replace several electronic and internet banking platforms with the implementation of Payment Factory on the MultiCash^® platform. As a result, one common platform for communication with banks and internal systems is now utilized. The project provides easier administration, automation of most common activities, a high level of security and a reduction in helpdesk and staff training requirements.

To solve the client's requirements, the possibilities of the MultiCash^® Transfer application with a connection to the DB Connector application were used. An integral part of the implementation of the entire project was also meeting the increased security requirements for payments and simplifying its administration.

By unifying all banks into one system, implementing user access via the web, setting up database encryption on the SQL and MultiCash^® Transfer side, encrypting the DB Connector application control file and the necessary authorization of changes made by electronic signature, the condition of maintaining and increasing security at all levels was met. The ambitious goals set at the beginning of the project have been achieved.

Case study (in Czech only) is available for download here.

Čepro, a.s., one of the most important entities in the field of storage, transportation and sale of petroleum products in the Czech Republic, has chosen the MultiCash^® Transfer solution for automatic processing and downloading of bank accounts statements.

From the evaluation of the project manager of Čepro, a.s. we quote: "The MultiCash^® Transfer solution enabled us to fully automate the download of statements to all accounts we have at several banks and their subsequent automatic processing in our ERP system. We especially appreciate the unification of access to our bank accounts regardless of the bank partner's system and the elimination of manual intervention. The cooperation with Management Data Praha, took place at all times at an above-standard level, while all the requirements of our solution were met even beyond the original assignment. I would like to emphasize professionalism, helpful approach and excellent communication".

More information can be found in the attached case study here (in Czech only).