During the pandemic, Sionic was asked to research and resolve aged breaks for a tier 1 client.
The Sionic team assessed the overall risk within the current infrastructure across the corporate action lifecycle. The team researched and chased open balances that had accumulated over the course of a few years.
Sionic successfully resolved over $700 million in open payables and receivables. The Sionic team provided an analysis of potential risks in the existing claims process and provided recommendations.