Versana launches new reconciliation solution
14 January 2025 US
Image: tilialucida/stock.adobe.com
Versana has launched its reconciliation solution, designed as an add-on to the company’s centralised digital data platform.
The solution will electronically match lenders’ positions to agents’ golden source data at any given time, which the firm says will optimise workflows and reduce data inconsistencies.
Known as the Versana Reconciliation Module (VRM), the solution also promises to solve material timing differences in transaction data across lenders, through the quick resolution of position breaks against agents’ records.
Cynthia E. Sachs, founding CEO of Versana, comments: “Today’s launch of our Versana Reconciliation Module is the tipping point in our mission to digitally transform the corporate loan market. By leveraging our real-time digital data platform, we are able to electronically match lenders’ positions to agents’ records, providing immediate insight into any discrepancies.”
This puts lenders in the driver’s seat to proactively address issues as they occur,” concludes Versana’s head of product, Christine Scaffidi.
The solution will electronically match lenders’ positions to agents’ golden source data at any given time, which the firm says will optimise workflows and reduce data inconsistencies.
Known as the Versana Reconciliation Module (VRM), the solution also promises to solve material timing differences in transaction data across lenders, through the quick resolution of position breaks against agents’ records.
Cynthia E. Sachs, founding CEO of Versana, comments: “Today’s launch of our Versana Reconciliation Module is the tipping point in our mission to digitally transform the corporate loan market. By leveraging our real-time digital data platform, we are able to electronically match lenders’ positions to agents’ records, providing immediate insight into any discrepancies.”
This puts lenders in the driver’s seat to proactively address issues as they occur,” concludes Versana’s head of product, Christine Scaffidi.
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