Straight Through Processing (STP) is a major concern for players in the Payments and Securities markets. The main benefits of an efficient STP solution are to
- Minimize costs
- Reduce operations errors
- Reduce risk by shortening the settlement cycles
- Improve customer service
Electronic systems such as SWIFT, Fedwire and CHIPS provide secure and fast ways of transmitting transaction information. However, due to poor data quality, the overall business process remains inefficient: Clearing codes, account information, banks references, broker names may be approximate, invalid or missing.
These defects result in poor STP rates and in costly manual exceptions processing.
Automated exception processing is one major way of quickly achieving your STP objectives. Learn more about Straight Through Processing
Since 1992 FircoSoft has developped a solid offer for fixing automatically payment and securities messages.
STP Factory addresses two markets
Guaranteed ROI
STP projects preliminary study: we conduct a thorough analysis of your existing infrastructure and data flow. This preliminary study will determine the best solution for an optimized Return On Investment.
Preliminary study steps:
1. We perform an audit on your messages flow to identify costs of non-quality
2. We build a proposal adapted to your needs and objectives
3. We commit ourselves to a minimum STP rate
4. We estimate your Return On Investment |