Whatever the volume, CaratNOS optimizes daily transaction matching. It is designed to reduce or cut interest fees and search charges, and is an efficient monitor for internal accounts. The application performs the management of overdrafts by the calculation of interest and charges compensation, and it includes an automatic follow-up inspection mechanism on older outstanding items for follow-up completion. Reconciliation is Statement-to-Ledger or Ledger-to-Ledger, “1- to-1", "1-to-Many” or “Many-to-Many”.
CaratNOS accepts SWIFT message types MT940/950/970/608, AFB120, SIC and SEGA in flat file format. Data is integrated into CaratNOS, and checked against all other pending items to find perfect matches on the basis of balanced amounts, identical or similar references, value dates that are identical or insignificant (for cheques).