Motif has over three years of experience in providing Reconciliation services to leading companies in the US, one of which is a Top five outsourcing company in the world. Motif provides daily, monthly reconciliation services for cash and bank statements to its clients where it identifies variance causes, check reconciliations and other employment benefit plans. Motif has developed innovative tools and reporting metrics which has helped its clients track open items, provide faster reconciliations with improved quality and productivity of the operations. This resulted in the QA process to be moved from the client side to Motif.
Services
Benefits
Daily Reconciliation
Reduce financial losses related to processing errors and omissions
Reduce research expenses to resolve aged open items
Monthly and Annual Reconciliation
Make necessary corrections on a monthly basis
Keep track of the plan activity
Design and maintain open items database
Track Open Items
Provide accountability of Open Items
Summarizes information into an easy to read to format
Focuses management's attention to open items which require immediate attention
“I wanted to let you
know how very pleased I was
with the Team's performance
with preparing the 2004
annual reconciliations for
the plans. Once again the
team lived up to the
challenge with this
complicated task and they
didn't disappoint me. We had
a very aggressive deadline
with these
reconciliations. I was able
to deliver the
reconciliations that were
accurate, consistent and
neat… The Recon team should
be very pleased with their
performance. They are a
dedicated and hard working
team. I look forward to all
our future projects and
meeting all our deadlines.”
-
Group Manager,
Financial Operations,
Top five outsourcing company in the world
Highlights
•
Providing services since 3 years
•
Handling complex transactions
- Daily reconciliation of over 800 Asset funds and Clearing accounts
and quality metrics to
measure performance
- Designing and maintaining open time database
- Handling statements from different Custodian Banks
- Monthly and Annual Reconciliations
•
Initiated QA functions
- Developed reporting tool
and quality metrics to
measure performance
•
Reconciliation for over 100 plans
- Each plan has multiple
funds
