Financial Software to Match You

Find Your MIMICS Software Engine


Investment
Built for banks, brokerages, fund managers and investment managers
  • Customer Portfolio
  • Fund Portfolio
  • Treasury Portfolio
  • Portfolio Analysis
  • Forex Trading
  • Equity Trading
  • Precious Metals
  • Repos
Trust
Made with corporations, transfer agents, REIT managers, mutual fund managers, and bank trust departments in mind
  • Shareholder Accounting
  • Bond Paying Agent & Transfer Agent
  • Debt Management
  • Pension Admin
  • Mutual Fund Admin
  • REITs
  • Annuities
  • IRA Management
Banking
For commercial banks, investment banks and credit unions of any size
  • Loan Origination
  • Repurchase Agreements
  • Loan Management
  • Safekeeping
  • Fed Funds
  • Item Collections
  • Documentary Collections
  • Teller
Central Banking
One of very few products on the market made specifically for central banks
  • Auction Processing
  • Public Debt Issuance
  • Currency Vault Management
  • Dormant Accounts
  • Exchange Control
  • Forex Trading
  • Reserve Portfolio Management
  • Pension Admin
  • Teller
  • Regulatory Reporting Portal

MIMICS Reconciliation Software

The MIMICS Reconciliation Software is used to reconcile cash balances, cash transactions, share balances, share transactions and any other fields between any two electronic files or sources, including from any other MIMICS software system. For example, the system may be used to reconcile the Share Balance between the MIMICS Customer Portfolio software system against an electronic file sent from a custodian. Contact us to find out how our software can handle all your needs.


The user will set up specific recurring reconciliations that will, among other things, define the two source files to be reconciled to each other. Templates will be set up then for each source file to map the fields to be compared. In addition tolerances can be set up that will allow the system to do “close” matches: those that are not exact but are within the tolerances. The system can also check for transpositions and other “typos” on the source files.

Reconciliation Types

Setting up reconciliation types allows the user to define, by a simple name, the specific reconciliation to be used. Associated with the Recon Type identifier is, among other things, a general definition of the two source files, referred to as A and B, and the fields to be reconciled.

Field Definitions

The user will define the fields which will be compared between A and B. The names for the fields are user-defined for ease of understanding. They do not have to be the same name that is used on either A or B since the names from an external source may be somewhat cryptic. The fields are described briefly with the type of field, e.g. character or number, and the field length for character data. For example there may be fields for Customer, Transaction Date, and Amount. These have the field types of Character, Date, and Number, respectively.

Severity Codes

Each of the reconciliation criteria explained below will have a severity code associated with it. An exact match will have a severity code of zero. Any close match or other match may have an arbitrary code set that is greater than zero. The system will report the reconciliation by severity code to allow for easier analysis of the reconciliation. Non-matches do not have a severity code and are grouped separately.

Reconciliation Criteria

For each field, the user will then set the reconciliation criteria. There can be multiple criteria per field. The system can find exact matches; close matches for numeric fields; matches due to transposition, and others. Using the example of fields above, we may require the Customer to be and exact match, the Data to be an exact match, but we may want to treat the Amount differently. We can set an Exact Match with a severity code of zero while a close match that is within a 0.50 range may have a severity code of one. A transposition error may have a severity code of five.

Define Import Templates

At this point the user will have to define templates for the two source files A and B. These files will be in either csv, text, spreadsheet, or MIMICS file format. The template is linked to the specific file name (or, for example, spreadsheet name). The system will examine the source file and will display the names of the fields available, e.g., spreadsheet column headings. The fields to compare that were already defined in the Recon Field Definitions will also be displayed. The user will simply map the available fields to the recon fields to compare, by dragging and dropping one to the other to complete the template. After this has been accomplished for both A and B, the system is set up to do recurring reconciliations of the two files whose templates were defined and according to the reconciliation criteria defined.

Unlimited Recon Types

This procedure can be followed to set up any number of reconciliations. There may be multiple reconciliations for multiple cash accounts; for positions in multiple portfolios; for General Ledger transactions on multiple GLs, and any number of other recons. The setup for a recon is done only once. A recon process can be changed if the recon criteria are changed, if the input file formats change, or if you want to change the process in any other way. Other than this you will not have to go back to revisit the reconciliation type setup or the template setup.

The MIMICS Reconciliation Software is very flexible so that your reconciliation needs are not limited only to reconciling to a MIMICS System. The system can run standalone or on a network.



Add-On Module Options




CRM

Centralize and manage all aspects of client communications including sales/marketing campaigns, and history of service across multiple MIMICS modules. Read More ^



Disaster Recovery

Ensures that your data and system is protected and can be fully accessed or restored in the event of catastrophe. Read More ^



Email Option

Allows customer forms such as confirmations and statements to be encrypted and emailed automatically. Read More ^



Customer Web Portal

A customized web interface that allows your customers to view history and to place requests, with the look and aesthetics to match your own website. Read More ^



Direct Data Connection

Allows secure, read-only access to aspects of the database of the related MIMICS module, for data mining or to allow you to create your own reports or exports. Read More ^



Accounting

Includes functionality for general ledger, accounts receivable/payable, fixed assets, payment processing, purchasing and account reconciliation. Can interface with any other MIMICS module. Read More ^

How Our Software Helps You




User Experience

You deserve better financial software. We have been thoughtfully crafting intuitive, easy-to-use software for decades to give you more of what you want, less of what you don’t.



Customization

Software should not be one-size-fits-all. We take the time to get to know what makes you you, so that we can customize our software to offer a product that is exactly to your specifications and intuitively easy to use.



Boost Productivity

Our software does much of the “heavy lifting” of calculating, processing and automating to help greatly boost your productivity, streamline workflow operations and get you moving at optimal efficiency.



Save Money

Beyond the labor you will save with the wide-ranging functionality our software provides, our customizations give you more of what you want for a lower price than our competition.



Secure Your Data

We respect the sensitive nature of your information. That’s why we offer industry-exceeding security, including fully-encrypted databases and data tokenization.



Unparalleled Support

We truly pride ourselves on our friendly, responsive customer support, day or night. We love our customers and strive for 100% client satisfaction. But don’t take our word for it; read what our actual users say.

About Us


  • MIMICS Featured in Portland Business Journal

    MIMICS was recently spotlighted in the Portland Business Journal, as a stalwart in the ever-growing local tech scene. The article features excerpts from an interview with President and CEO Lincoln Wildgrube, in which he talks about the past, present and future of the company, including a preview ...

    Read More
  • 3 Ways a Customized Web Portal Improves CX

    The CX (customer experience) landscape is changing very quickly, and challenging businesses to revamp existing models to meet evolving consumer demands. Customers are increasingly turning to DIY-based models when it comes to getting the service they require. Gartner predicts that by 2020, custome...

    Read More
  • MIMICS Donates to Hurricane Relief Efforts

    MIMICS recently made separate donations through the American Red Cross and to UNICEF to help the many affected by hurricanes Harvey, Irma and Maria. 

    “Disasters like this make us realize how much we take our everyday safety and well-being for granted,” MIMICS CEO Lincoln Wildgrube said...

    Read More
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We’d love to show you how our software can help you in action. Demonstrations can be tailored to scenarios of your choosing with specifications unique to your needs. They are done online, recorded for your reference, and take about 1 hour. Contact us to set one up today!
Portland Office: 
319 Washington St., Suite 501
Portland, OR 97204


Albuquerque Office: 
Albuquerque, NM 87110


India Office: 
MIMICS East Technologies
Hyderabad, Telangana


sales@emimics.com

505-332-9220

505-332-3148