Firco STP Factory
Improve STP Rates and Reduce Manual Exceptions Processing
FircoSoft’s STP Factory is designed to improve STP rates by transforming and repairing payment messages requiring manual repairs. The system works with all incoming payments and can be integrated into any messaging / funds transfer system.
Based on natural language processing techniques, STP Factory can parse free-text fields and extract relevant data to determine if account information, clearing codes, or bank references are invalid or missing. Within milliseconds the system will repair the message for automated processing by your payment system, significantly reducing the cost of manual exceptions processing.
Guaranteed Return on Your Investment
Prior to implementation, FircoSoft conducts a thorough analysis of your existing infrastructure and data flow to determine the optimal STP solution for the processing of your payments or securities messages. FircoSoft will:
- Perform an audit on your messages flow to identify costs of non-quality
- Build a proposal adapted to your needs and objectives
- Commit to a minimum STP rate
- Estimate your Return on Investment