FileDesign™  |  AutoVerify™

Accelerate Back-Office Processing

Lexcel virtualizes the management and testing of clearing processes creating an automated repeatable clearing environment. Lexcel's Clearing Solutions innovate end-to-end transaction processing beyond any physical testing environment minimizing the standard twenty-four hour file availability window between network cut-over and posting file receipt, to a fraction of the time. Lexcel's Clearing software automates online and back-office processing into a single-step solution to save time, increase accuracy and streamline processes.

Lexcel has tailored our clearing solutions to speed the creation, updating, verification and validation of back-office posting files allowing clearing participants the ability to exchange online financial transactions at a much faster rate than the cycle time for completing the underlying transaction. Lexcel’s clearing solutions create streamlined single-step processes that range from online to batch file conversion, posting file validation to batch posting file creation and regression processing.

Lexcel TestSystem® Clearing – FileDesign™ constructs a back-office processing file to efficiently manage changing format rules, business rules, new services and compliance mandate changes. Adding, deleting and updating headers, trailers, detail records and addenda are efficiently administered through Lexcel’s proprietary ScriptBuilder™ interface. Organizations managing batch ACH, Swift, Host Extracts, and Merchant submission files seamlessly validate posting files in each specific format for reduced testing cycles and greater accuracy. Posting file creation is simplified, enabling your organization to match changes made on internal systems, reformat and rerun existing files or create new files to verify format changes.

Lexcel TestSystem® Clearing – AutoConvert™ provides Lexcel TestSystem Network users on-demand / real-time reconciliation for posting files. Through the automated conversion of real-time network transaction exchanges (stored in Lexcel trace files) into properly formatted Network User Files, the mapping of specific transaction types and online data into specific file formats is achieved accurately and timely.

Using AutoConvert, testers are able to quickly evaluate their transaction exchanges as they are applied in the Network User File format. By correctly translating financial transactions and reversals into batch file records, issuers and acquirers process the files in their back office system - in much shorter cycles - to verify there are no variances in billing, statements, due-to / due-from, network reconciliation, and posting to general ledgers. Lexcel’s Clearing Solutions utilize intuitive user interfaces and parsed records with descriptive field views to simplify working with, and validating, the file contents and resulting reports.

Five More Reasons You Need Our Clearing Solution: