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Blockchain Project


BANK RECONCILIATION

Bank Reconciliation

Large companies often have multiple offices. Each of these offices has multiple associated bank accounts. Despite digitization of banks, most banks have different statement formats that are either made available as a soft copy over email, or (in some rare cases) via an API. This leads to a major manual tasks and thereby frictional costs in reconciling these bank accounts with the company's books of accounts.

Using Blockchain Technology, we have created a friction-less and transparent integration service that links banks with their corporate account holders in order to automate the task of bank reconciliation.

BLOCKCHAIN PROJECTS

At Somish, we established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using Blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments. Some of our other key Blockchain projects have been highlighted below.