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Integrated Reconciliation

A process view with scorecard on automation,

complex instruments, and custom reporting

In daily operations reconciliation still has drawbacks. When asked which tools they used for reconciliation, managers listed more than 35. Even with these many off the shelf solutions 50% listed difficulties integrating complex instruments, custom reporting, and faster resolution.

AND, when asked what tops your reconciliation wish list?—automation, robust reporting, and faster resolution scored highest. What tops your wish list? Please download our paper to learn more about our approach to reconciliation.

Manual handling the greatest drain on productivity, leaves important activities at the bottom of the pile. Furthermore, the time and resources required detract from the search for mismatch patterns. Robust break reporting guides an experienced team by permitting comparisons to normal distributions of cash, position and trade breaks triggers. Permanent improvements that address trigger patterns can lead to exponential leaps in efficiency.

Our experience shows robust reporting is best achieved via reconciliation that includes a qualitative structure to analyze breaks and incorporates resources to make repairs at the source.

Analysis starts with a simplified exception management rule-based process that provides a unified view of tools, processes, and strategies. This combined view helps to alleve work-arounds in systems where design does not fit the user experience. These fixes fail to keep up with scale, hindering flexibility to add new systems, strategies, accounts, and counterparties.

Overall, a well-balanced rule based process ensures that each component has the capacity to address a wide range of asset classes, time zones, and spikes in volume.