The standard industry process requires your employees to monitor, scrub and validate your data feed and conduct error processing. This manual, hands-on approach often results in:
Operational issues over accuracy, completeness and speed of income posting
Custodial liability exposure to statement reissuing
Statement re-processing costs
Additional reconciliation costs
Erosion of goodwill in customer service
Our process provides accuracy and timeliness you can depend on; data you can trust.
VMS Data centralizes the declaration of otherwise random income announcement events in a simple, easy-to-use format to minimize processing errors and accelerate the posting of income.