At Ascent Business, we help businesses stay future-ready with end-to-end reconciliation solutions, rapid damage control and regulatory compliance

Reconciliation solution

Of the two platforms/production, AutoRecon is a first-in-industry AI-based reconciliation solution, which offers settlement and regulatory reporting, enterprise-wide scalability, handling of exceptions and complex business processes, while AutoBCM, a web-based multi-tenant automated enterprise software, demonstrates risk mitigation capabilities for managing business continuity and resilience management lifecycles.

In the last few months, during the Covid-19 scenario, the company has witnessed unprecedented traction in its BCM vertical, as businesses have scrambled to maintain business continuity amidst growing challenges. In fact, currently, BCM solutions business contributes almost 60 per cent to the company’s revenue; however, going forward, the high-value financial control or reconciliation business is expected to contribute significantly.

Financial control is a proprietary enterprise reconciliation platform of Ascent Business, which offers unique solutions to the complex and bulk financial transactions. In fact, AutoRecon, the intelligent banking reconciliation software built on next-gen technology, is an end-to-end solution for complex transactions and exceptions, whereas AutoBCM, the business continuity solution, ensures real-time recovery from disruptive events or threats.

“Our fin-tech products providing financial control, which uses AI enabled data management and reconciliation, is the data point,” affirms Shekhawat. “These products can revolutionise operations and quality standards for banking, finance and allied industries like retail, telecom, hospitality, etc. Most importantly, both these products are easily scalable. While we have built up a portfolio of robust products, we have also set up a formidable organisation, which is backed by a strong leadership team, comprising experts and veterans from the industry. In fact our products built on proprietary software are designed and developed by experts with over 200 years of cumulative experience & expertise,” adds the CEO.

As part of Ascent’s shift towards high tech businesses, the company is threading AI throughout its operations, building a library of AI applications applicable to the enterprise. It develops multiple modules, with each module having three engines – a sensing engine, a prediction engine and a recommendation engine. By marshalling this technology, the company intends to become one of the top reconciliation and BCM software providers in the market place.