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Ordina selects Stematch for reconciliation and exception

Sterci, the leading international software provider of STP solutions, today announced that Ordina has selected Stematch for reconciliation and exception management for its BPO services in the financial services market. Ordina is one of the largest Business Process Outsourcing facilitators for financial institutions in the Netherlands.

Bart van der Vlis, director of Ordina BPO: “Ordina provides consulting, ICT, BPO and application management services across diverse sectors including the financial services market. We have indepth knowledge and many customers in this market. The agreement with Sterci is an excellent basis to expand our BPO services and attract new customers. To implement a standardized Banking environment for Ordina BPO, a reconciliation engine is a key component to match the transactions processed with external parties. After a thorough evaluation process, Stematch was finally selected thanks to its excellent coverage of both securities and cash reconciliation. Further more the flexibility of its rules engine and its integrated exception management facility will ensure operational efficiency and reduce risks”.

Etienne Savatier, Sterci head of marketing and International sales said:” We are proud to have been selected by Ordina. It pays back our investment in the software to build an enterprise-wide reconciliation engine with exception management facilities. The Stematch multi-company design allows multiple customers to share the same software application reducing costs in a BPO environment.”