Duco

Is your cash reconciliation platform keeping you at your best? 🤔   Many firms have to bend their best practices around their technology, rather than adjusting their technology to accommodate best practices. Hard-coded, on-premise tools just aren’t as adaptable as they need to be.   The tools you’re using for cash reconciliations may have been great when you got them, but they’ve likely been around for a while and probably haven’t kept pace with your business. If your system has poor match rates, lacks flexibility, or has a weak exceptions management workflow, it’s likely you have to do a lot of clean-up off platform. For example, downloading exceptions into spreadsheets for investigation.   Clearly, at this point, best practice has gone out of the window 🫣   Wouldn’t it be nice if you were the one dictating how things could be done, based not on technical limitations, but on what was best for your firm?   🔀 For that you need a system that can adapt to a wide range of formats, removing the need for extensive pre-processing.   🏆 It should have industry-leading match rates – that’s what your system’s there to do, after all. Anything less than the best is creating a huge amount of cost and inefficiency.   🧘 And when you do find errors, you need a streamlined exceptions management workflow, so that managing them is fast and easy.   When you have all this, you don’t need to create manual workarounds or take problems offline to find a solution.   Which means you’re able to follow your best practices, and not adapting your controls and processes to the quirks of an outdated and inefficient system 🙌 #Data #Reconciliation

📣 Sometimes you don’t need AI 📣 There, we said it. There are some seriously powerful AI tools on the market, solving massive problems for capital markets firms (ask us about those!). At the same time, it seems like everyone is pushing AI as the solution to every problem 🤔 Sometimes, though, AI can only treat the symptoms and does nothing about the root cause. In the realm of data, this means you end up with a ‘solution’ that cleans up the exceptions caused by bad data but does nothing to prevent them coming back. Before you go buying the latest AI bolt-on for your reconciliation solution it’s worth asking yourself whether the system is getting the basics right to begin with. Check out the comments for some truly eye-opening insight 👀 #Data #AI

Unblock automation for unstructured data formats like PDFs, emails & more with Duco’s AI-powered extraction and award-winning reconciliation platform. Check the comments to find out how 👇 #data #reconciliation

Thank you to everyone who came to our client drinks event in London last week! What better way to celebrate the start of summer and the launch of our new capabilities for unstructured data reconciliation? This is just the first of many events as we look to build the Duco community, strengthen our partnerships and work together to unlock even greater enterprise value across capital markets. See you soon! #CapitalMarkets #Data

Our latest newsletter is out now! This month, we're diving into one of the biggest data automation barrier firms are facing -> unstructured data. Check it out 👀 Subscribe to stay updated with the latest in technology, data, and market insights ✅ #data #intelligentdocumentprocessing

Best reconciliation management provider for the second year running! 🎉 We’re delighted to have retained the WatersTechnology.com Award for recon this year. These awards are voted for by you, the industry: the people who use the technology and see first-hand the impact it has on their business and the value it creates. A big thank you to everyone who continues to champion the Duco way: no-code, cloud-based, end-user empowerment 👏 And the best part is we won this based on our existing reconciliation solution, before the introduction of our new Adaptive Intelligent Document Processing (AIDP) capabilities for unstructured data. There’s never been a better time to experience reconciliation the Duco way. Start your discovery here: https://lnkd.in/eAWkXwW7

We’re proud to be part of the Nordic Capital portfolio. Nordic has a long track record of championing technology innovators. This profile explores our efforts to tackle some of the biggest challenges facing capital markets using AI. Check it out 👇 #AI #DataAutomation

You can now break your biggest reconciliation automation blocker. Unstructured data has been a challenge for decades, but no longer. We’re excited to announce the launch of our Adaptive Intelligent Document Processing (AIDP) capabilities for reconciliation. It’s now possible to automatically extract and reconcile data from even unstructured formats like PDFs, emails, images and more on the Duco platform. Read the press release to learn more about how we’re harnessing cutting-edge AI to vanquish one of your biggest data automation blockers 👇 #AI #reconciliation

Have questions about data automation? We’ve got you covered. Check out our extensive guide to beating the cost, risk and inefficiency surrounding data management in Operations and Finance. You’ll learn: 💡 What data automation is, why you need it and how it transforms your business. 💡 The benefits you can unlock. 💡 How data automation impacts your teams. 💡 Where it can be used. And much more! Find the link to our data automation Resource Centre in the comments 👇 #DataAutomation #Fintech

Meeting the intraday processing challenges of same-day settlement would be a “fairly significant architectural shift for technology that was built and designed 20 or 30 years ago,” Duco’s James Maxfield tells WatersTechnology.com He’s one of the capital markets experts who shared their views with Nyela Graham for her latest piece on the likelihood of a move to T0 settlement. Subscribers to Waters Technology can check out their full insights below 👇 #Data #T0