{"id":3008,"date":"2023-05-03T05:16:10","date_gmt":"2023-05-03T05:16:10","guid":{"rendered":"https:\/\/ozoneunited.com\/?post_type=nproject&#038;p=3008"},"modified":"2023-07-18T10:42:41","modified_gmt":"2023-07-18T10:42:41","slug":"bank-reco-system-for-united-finance-company-saog","status":"publish","type":"nproject","link":"https:\/\/ozoneunited.com\/case-studies\/bank-reco-system-for-united-finance-company-saog\/","title":{"rendered":"Bank Reco System for United Finance Company SAOG"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;Overview&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_empty_space height=&#8221;20px&#8221;][\/vc_column][vc_column width=&#8221;3\/4&#8243;]For any Financial organization bank reconciliation is a tedious and time-consuming process. Most of the organizations sticks to the process of depending on Microsoft excel for the reconciliation process.<\/p>\n<p>United Finance Company SAOG, one of the leading Non-banking finance organizations in the Sultanate, approached Ozone United with the requirement of having a proper independent system that can reconcile by processing data from the bank provided statement Vs their bank book.<\/p>\n<p>Ozone United reviewed and analyzed the current reconciliation process handled by United Finance and recommended a fully customized web-based software solution that would empower United finance in handling their bank reconciliation in minimum turnaround time eradicating the dependency on excel files.<\/p>\n<p>The proposed system was built on reconciliation rules that will be applied when comparing the data from both the entities \u2013 bank statement as well bank book. The resulting un-matched items could be matched using a match the following methodology using certain pre-defined conditions which helps the Reco user to identify and match the items manually.<\/p>\n<p>The end final result was a comprehensive Bank Reconciliation report with supporting annexures which assists in their auditing and data analysis procedures.<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_custom_heading text=&#8221;Overview&#8221; font_co","protected":false},"featured_media":3013,"template":"","nproject-category":[90],"nproject-tag":[68,66,63],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank Reco System for United Finance Company SAOG - Ozone United<\/title>\n<meta name=\"description\" content=\"United Finance Company SAOG, one of the leading Non-banking finance organizations in the Sultanate, approached Ozone United with the requirement of having a proper independent system that can reconcile by processing data from the bank provided statement Vs their bank book.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ozoneunited.com\/case-studies\/bank-reco-system-for-united-finance-company-saog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Reco System for United Finance Company SAOG - 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