Reconcile hedge settlements
Cross-check fixing notices, settlement journal and bank statements for your hedging operations.
Introduction
Reconciliation between fixing notices (bank confirmations), settlement journal (TMS/accounting) and bank statements (actual flows) is done manually. Unsettled operations go unnoticed, amount discrepancies on settlements are not detected.
Phacet imports all three sources, reconciles in two passes (fixing vs. journal, then journal vs. bank), identifies unsettled operations and calculates net cash position by currency.
When to use this Phacet
Built for treasurers, CFOs or funding managers who want to:
• Automatically reconcile fixing notices against the settlement journal.
• Identify unsettled hedging operations.
• Verify that amounts actually received/paid match confirmations.
• Have a reliable net cash position by currency.
AI skills involved
Automatically pull key data points from your documents
Phacet identifies and extracts the fields that matter — invoice numbers, amounts, due dates, IBANs, supplier references, VAT codes, contract terms — even from unstructured or inconsistent documents. Data comes out clean and ready to use in the next step.
Automatically match your data across files, tools and systems
Phacet cross-references your data across sources - invoices vs. payments, POs vs. receipts, bank lines vs. GL entries, CRM deals vs. billing records. It tells you exactly what matches, what's missing, and what's off. No VLOOKUP, no manual comparison.
Validate every line against your rules, thresholds and references
Define your rules once - negotiated prices, spending caps, expense policy, contract conditions, approval thresholds - and Phacet applies them to every single row, every time. Every discrepancy is flagged with the exact reason, ready for review.
Get notified on what matters and share results without manual work
Phacet sends alerts the moment a threshold is crossed or an anomaly is detected by email, Slack or in-app. It also generates summaries, dashboards and structured exports ready to send to your ERP, your team or your management. Results reach the right people at the right time, automatically.
Business impact
79% time savings on reconciliation
From 1-2 days per month to 2-3 hours. The triple-source matching is automatic.
Zero unsettled transaction
Every hedging transaction is tracked from fixing to bank flow. Missed settlements are detected.
Reliable cash position by currency
The net cash position incorporates all settled transactions and identifies those still open.
Integrated with everything
Steps to get Started
Import your three sources
Load your fixing notices (PDF/SWIFT) settlement journal (TMS/ERP) and bank statements (MT940/CSV).
Reconciliation in two passes
Pass 1: fixing vs journal (reference, amount, value date). Pass 2: journal vs. bank (amount, date).
Gaps and open transactions identified
Unsettled transactions and amount discrepancies are flagged with details
Cash position and reporting
Net cash position by currency is calculated The reconciliation is exportable for audit.
Unlock your AI potential
Do more with your existing resources using tailored AI solutions.
Frequently Asked Questions
PDFs, SWIFT messages (MT300, MT320), and any structured format exported by your bank.
Yes. Reconciliation is done currency by currency and the net position is calculated for each currency.
Yes. Kyriba exports (settlement journal, positions) can be imported directly.
Yes. Open transactions are carried forward month to month until settlement.
Yes. Each match is traced with sources, amounts and dates. Full audit trail.
