TER Reconciliation
Fund Recs automates Total Expense Ratio (TER) reconciliations, ensuring accuracy across administrator, fund accountant, and management company records. The platform standardises data, applies rule-based matching, and highlights exceptions instantly - giving teams full transparency and control over fund expenses and ratios.
For the Analysts
Automated matching across sources
Reconcile TER data between administrators, accounting systems, and internal expense models in one central workflow.
Flexible matching logic
Compare expense components, management fees, custody fees, and operating costs using configurable tolerance levels.
Multi-period and multi-fund coverage
Easily reconcile TER data across multiple funds, share classes, and reporting periods.
For Stakeholders & Oversight
Exception dashboards
Get real-time visibility into TER variances. Filter by fund, share class, or expense type to focus reviews on material differences.
Audit-ready reporting
Generate automated reports for management, oversight, or auditors with full traceability and documentation.
How It Works
Data ingestion and standardisation
Fund Recs ingests files from administrators, accountants, and management systems - in any format - and converts them into a consistent structure for comparison.
Rule-based reconciliation
Match expense categories, fee rates, and TER calculations across all data sources. Any discrepancies are automatically flagged for review.
Exception management
Assign, comment, and resolve breaks within a single dashboard. Every step is logged for complete audit visibility.
Scalable automation
Process multiple funds and reporting periods simultaneously, cutting review time from days to minutes.
Why TER Reconciliation Matters
Accurate TER reconciliation is critical for transparent investor reporting and regulatory compliance. Even small misalignments between expense data and calculated ratios can lead to disclosure errors or audit issues. Fund Recs automates this process, reducing manual effort, improving accuracy, and ensuring that every TER is verified, consistent, and ready for sign-off.
