Six Steps to Automating Your Reconciliation Workflow
This document offers guidelines and practical steps for switching from a manual to automatic reconciliation process for position, cash and FX data. Although the steps provided can be applied generally they are generated from experience of automating the reconciliation of Custodian & Broker data to portfolio accounting systems in a Fund Administration environment. The same principles also apply to reconciliation on the buy-side by Fund Managers. It is also applicable for three way recs between Managers, Custodians and Administrators.
What you'll learn
- What to consider when automating a reconciliation process
- Practical steps and tips to get started.
- Best practices for avoiding common mistake.