Strengthening Member Trust with Flawless Financial Accuracy
Your members are your owners. Upholding their trust is your highest priority. Reconwizz delivers an affordable, powerful reconciliation platform that automates your daily operations, ensuring accuracy from member transactions to shared branching, so you can focus on serving your community.
Learn MoreMember-Centric Challenges
Member Transaction Accuracy
Manually reconciling daily member deposits, loan payments, and withdrawals against the core system is time-consuming and risks errors that can erode member trust.
Shared Branching Complexity
The high volume of transactions from shared branching networks involves complex settlement files and fee structures that are difficult to verify manually.
Card & ATM Services
Ensuring accurate settlement for debit/credit card transactions and balancing ATM cash are critical functions that become riskier with manual processes.
NCUA & Audit Demands
Examiners require strict financial controls and clear, easily accessible audit trails. Spreadsheets often fail to meet these rigorous compliance standards.
Ensure Core System Integrity
Your member data is your most valuable asset. Reconwizz ensures the heart of your operations, your core processing system, is perfectly balanced every day.
- Automate the daily reconciliation of member share drafts, deposits, and loan payments.
- Reconcile cash accounts and clear suspense items in a fraction of the time.
- Integrate seamlessly with all major credit union core systems.
- Accelerate your month-end close and provide accurate data for board reporting.
Simplify Shared Branching & Card Services
Offer your members the convenience of a large network while maintaining tight control over every transaction and associated fee.
- Automate the reconciliation of complex shared branching (CO-OP) settlement files.
- Reconcile ATM and card network transactions, verifying interchange income and fees.
- Manage and track member dispute and chargeback cases efficiently.
- Ensure accurate cash balancing for your entire ATM fleet.
Your Questions Answered
Reconwizz automates the entire shared branching reconciliation process. Our platform ingests the complex settlement files from networks like CO-OP, automatically matches them against your core system's transaction records, and instantly identifies any discrepancies in settlement amounts or fees, saving your team hours of manual work.
Yes. We have extensive experience integrating with all major credit union core processing systems. Our flexible integration tools allow us to connect securely to your core, whether it's an in-house system or a hosted platform, to ensure seamless data flow for daily reconciliation.
Reconwizz significantly strengthens your audit and examination readiness. It provides a centralized system with a complete, unalterable audit trail for every transaction and reconciliation. You can generate reports for examiners on demand, demonstrating robust internal controls over member accounts, cash, and suspense items, fully aligning with NCUA requirements.