The number of ATM transactions is growing very fast day by day and the need to have a very efficient ATM reconciliation tool that eliminates manually.
The ATM e-reconciliation software can help ensure that all ATM transactions (cash replenishments, withdrawals, transfers and other transactions) are truly, properly and correctly represented and posted in branch books of accounts.
The reconciliation system has also become necessary to reconcile ATM cash balances. Due to the large number of ATMs, significant amounts of float cash exist in the ATMs and this amount of cash cannot be ignored in bank's balance sheets from the point of Audit and Profitability.