What challenge is your Financial Institution facing?
- Limit Tracking
- Return Rate Tracking by Both NACHA Methods
- Third Party Transaction Monitoring
- NACHA Rules Compliance
- Originator Review
- Automatic Report Generation and Distribution
- “Volume Metrics” by Industry Class Code
- Real Time Anomaly Detection
- Duplicate File Check
- OFAC Check
- Risk Exposure Monitoring
- Keyword Detection
- Out-of-Calendar Pattern Detection
- Create, Verify & Correct ACH Format Errors including IAT
- File Creation in Disaster Recovery Scenarios
- NACHA File Format Verification
- Transaction Research
- Advanced File Operations – Format Conversion, Splitting & Merging
- Add Custom Rules
- Create Returns and Reversals
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Tompkins Bank (Tompkins Financial) considers it critical to understand the transaction-level behavior of our originators. Once these patterns are understood, we establish rules to catch anomalies from those patterns. Not only does this methodology help us with our risk containment objectives, it also identifies marketing and revenue opportunities. We use and recommend Laru’s ACH Clarity to analyze behavior of originators and ACH Vision to trap anomalous transactions.
We use Laru’s ACH Clarity software to help us with NACHA rule compliance as well as Operational, Board and Audit reporting. This process automation has not only eliminated several manual steps previously required, but added consistency and accuracy to our analytical and reporting capabilities. Several reports are used across the Treasury management functions when originator behavior is assessed periodically. Laru’s ACH Vision product assists us with anomaly detection at the transaction level as recommended by the FFIEC. We highly recommend Laru’s Business Intelligence driven ACH Clarity and Vision products for risk management.
Laru products provide the flexibility needed to answer questions we didn’t know we had with our old array of stand-alone systems designed for smaller volumes, and in-house spreadsheets.
One of the greatest features of the Laru software is its flexibility. As new challenges and opportunities arise, we find we can adapt reporting and analysis on the fly without compromising other functions.
Filefox is used every day in our bank. We continually find new uses for this deceptively simple yet powerful utility. FileFox pays for itself quickly, and often.
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