Operations groups today are faced with the task of reconciling complex financial instruments across mutliple internal business lines as well as external firms. The function of ensuring symmetry across portfolio holdings and transactions, prices, and par amounts for front office traders, back office accountants, and custodians is one that exists to maintain the integrity of the firms trading reputation and financial stability.
Our line of reconciliation products are designed to take advantage of the latest database, workflow, and software technologies to provide you with the tools needed to effectively reconcile your accounts and provide transparancy to your internal audit and operational risk management groups for compliance with SOX and best practices. A number of vendor applications exist today to perform this function, however ours are designed to take optimal advantage of the latest in automated technologies to provide firms with limited resources and budgets the best in reconciliation software at a fraction of the cost of large competitors.
Data Review Software
Operations groups are not the only teams that require reconciliation processess although arguably their reconciliation needs will usually outweigh the needs of others. Increasingly we are finding that technology groups are being asked to feed holdings, transactions, and security master file information across multiple systems. The purpose of this is often to create aggregation of holding and portfolios that have been separated by different asset types and systems speciliazing in the intricacies of different financial instruments.
Our Data Review system provides your technology teams with the power of operational reconciliation at a fraction of the cost. Audit and Operational Risk teams will need to ensure that all feeds and holdings are properly accounted for as they migrate from system to system. Our software can provide you with the evidence needed to ensure data integrity for reporting purposes.