Cash Reconciliations

Reconciling cash movements and balances between the accounting system and broker statements is an essential part of the NAV production process for fund administrators. Fund Recs offers a fully straight through reconciliation process, removing manual intervention.

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Benefits

Fast, accurate and automated Cash Reconciliations.

Eliminate errors

Automating this process removes the risk of minor errors, reducing the risk of NAV errors.

Reduced Risk

Automation allows for the day count and basis point impact to be monitored. With accurate and live MIS, management is aware of the breaks that carry the greatest risk.

Straight through process

The Cash Rec module provides a straight through process for your recs.

Features

Customisable and accurate functionality

Flexible Data Ingestion

Automated Completion

Audit Trail & MIS

End to End Process

Customisable and accurate functionality

The system offers ‘multi-day’ cash reconciliation functionality. A user can complete a cash rec on a weekly or monthly basis and load all consolidated data into one rec. A ‘skip rec’ function facilitates bank holidays and similar if required.

Flexible Data Ingestion

The 'complete period end recs' feature allows users to continue with the daily process when monthly valuation has not been signed off.

Automated Completion

Where no new differences appear, automated completion of recs gives users the ability to focus only on exceptions.

Audit Trail & MIS

Cash recs cannot be completed unless all differences have been recognised and categorised. This information is fed to the MIS reporting page which is available at a group, fund and team level.

End to End Process

With automated data feeds, auto-completion, data enrichment, smart matching, MIS and live chat support a cash rec on Fund Recs can be completed with little or no manual intervention. This allows the user to concentrate on clearing the breaks and adding more value, rather than spending time correlating and manipulating data.

Latest Resources

Stay informed on Industry news and best practices

Fund Recs EMIR Briefing

EMIR & SFTR Data Quality

Webinar: How depositaries are increasing efficiency and compliance in cash flow monitoring

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