For many years, Santander Consumer Bank used an in-house developed reconciliation system based on Excel to keep control of all reconciliations. Maintaining the system, especially fixing problems related to broken links was extremely time consuming.
Santander was recommended BALANCER by its Swedish branch who started using the balance sheet reconciliation software, spring 2014.
Now, they look forward to start using a system that is easy to maintain, ensures traceability for audit, and provides better status overview of all accounts during the month-end close. In addition, they can gather all documentation in one place that cannot be modified once the period is closed.
Santander Consumer Bank AS is part of Banco Santander, one of the largest financial groups in the world. The head office for the Nordic region is at Lysaker. The Nordic region has been defined as a focus area, and the Nordic unit has total assets of NOK 82 bilion. We employ more than 650 staff in the Nordic region, 350 of whom work in Norway. We are leaders in car and leisure finance, and also offer credit cards, consumer loans and savings products.