Challenge
During the pandemic, Sionic was asked to research and resolve aged breaks for a tier 1 client.
Approach
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.
Impact
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.