The bank funds residential mortgages and community development loans for hundreds of commercial banks, credit unions, insurance companies and thrifts. It currently automates daily verification of deposits, investments, interest income, investment derivatives, advances, CD & DID, futures, CO Bonds, and MPF reconciliations and research functions within Trintech's ReconNET system. The combination of ReconNET and AssureNET will provide the bank an Accounting Compliance Framework that delivers end-to-end reconciliation, including automated reconciliation for high volume, transaction-intensive accounts, and template-based reconciliation for any remaining accounts.

AssureNET GL replaces the manual review of account files with a self-documenting workflow and analysis tool that manages the entire GL reconciliation process. AssureNET GL will enable the bank to improve compliance and reduce financial risk for critical period-end processes. Management and accounting teams can see exactly which GL account files have been submitted, reviewed, approved and reconciled — when, and by whom — as well as accounts that are missing information or overdue.