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How to ingest data into a position reconciliation and apply variable tolerances at different levels. Automatically explain why something is breaking. Quickly extract a break report.

Reconcile cash balances across internal and external parties. Find differences and drill quickly into any transaction differences. Review static and variable data across local and base currencies.

Compare trial balances from a NAV pack to an internal book of records. Provides oversight on Third Party Administrator. Take a top down or bottoms up approach. Drill down into each record level to explain differences.

Collateralised Loan Obligation (CLO) movement recs allows you to track changes from day to day on outlook, facilities, ratings and much more. Check on text or numeric fields using absolute or variable tolerances . Drill into who the issuer was or the seniority of any positions.

Verify calculation of open equity, management & incentive fees, gross P&L and more. Quickly highlight where any tolerances are breached between external data and recalculated comparison. Flag any differences and automatically generate reporting.

Reconcile Swaps to confirm existence and accuracy of trade economics. Reduce operational and credit risk. Ingest data in raw format received from counterparty. Compare static and numerical fields.

The Common Risk Interchange Format (CRIF) is a standard method of exchanging risk data to perform initial margin reconciliations under the International Swaps and Derivatives Association's (ISDA) SIMM model. The CRIF reconciliation can be used to help resolve differences in calculated initial margin values, for back-testing, benchmarking and the analysis of credit valuation adjustments and counterparty credit risk.

Next up in our Fund Recs For series is our first data transformation workflow, looking at the conversion of SWIFT data into a normalized CSV. This particular SWIFT file is an MT535 (Statement of Holdings) but we have one-click solutions for the transformation of MT541, MT940, MT304, MT536, MT515, MT543, MT950, CAMT053 formats and more!

Typically a manual exercise due to the complex and varied data formats such as PDFs that information is received in, Fund Recs' Fusion platform allows for the end to end automation of the oversight and reconciliation of Private Equity related data such as market values, original commitment, unfunded commitments, yields, contributions, distributions and many more.

Next up in our Fund Recs For series is the Accruals (Payables/Receivables) Reconciliation. Another component of our NAV Oversight solution to allow users drill down into any underlying differences that have arisen on the NAV or Trial balance reconciliations.

Partner's Capital Account Statement is an important document for transparency, providing a clear snapshot of an Investor's holding in a fund including contributions, distributions and current value as well as for tracking performance and yields over time and for compliance purposes. These documents are usually complex and bespoke PDF files that are difficult and manual to reconcile, problems which can be removed and automated using the Fund Recs Fusion platform.

Reconciling the daily and year to date accruals against recalculated or derived values for Management, Directors, Custody, Out of pocket, Legal, Audit, Admin, FATCA fees and any other relevant fund operating expenses to allow a TER value to be calculated and spot any deviations / erroneous bookings. This is an important metric to monitor with respect to a Fund's operational efficiency.

The EMIR Refit has set a new standard for data quality and validation, reshaping how the industry ensures accuracy and compliance in trade reporting. Beyond regulatory requirements, this shift highlights the critical role of robust oversight within organizations. By embedding strong data validation practices and leveraging insights from high-quality data, companies can not only meet compliance demands but also strengthen their operational resilience and market trust

Under EMIR Refit, rejected trades highlight data quality and compliance gaps in trade reporting. Regularly reviewing this report ensures:✔️ Regulatory Compliance: Correcting errors avoids penalties.✔️ Operational Efficiency: Identifying process issues streamlines reporting.✔️ Risk Management: Accurate data supports systemic risk assessment.✔️ Governance: Demonstrates robust oversight and accountability. Proactive monitoring ensures errors are resolved promptly, strengthening compliance and maintaining trust with regulators and counterparties. Don't let rejections slip under the radar—oversight is key!

The Asset Register allows Depositaries to efficiently manage and track assets, verify ownership, automate the creation of assets on the register and is fully integrated with Cash Flow Monitoring to seamlessly allow end-to-end transaction and asset level oversight.

Fusion allows users to build or choose their own output reporting formats that can be lined up with internal systems such as PFS Paxus, FIS IAM (InvestOne), Mantra, Investran & many more to create workflows that automatically ingest trade files in their native formats, standardise or enhance the information via static data lookups or supplemental data feeds to produce the required format for the automatic booking of trades within the downstream accounting system.

With the ability to automate data ingestion, apply customizable tolerances and provide a detailed audit trail the Fund Recs Cash Flow Monitoring module facilitates "efficient compliance", removing time-consuming, resource-intensive and manual aspects of oversight and allows an exception based approach to be taken for easy tracking, reporting and analysis of cash flows.

EMIR compliance requires robust reconciliation between the administrative book of records and trade repository data for OTC derivatives. This process ensures alignment in key trade details, addressing discrepancies proactively to maintain data accuracy and meet regulatory standards. A strong reconciliation framework not only reduces reporting risks but also reinforces operational resilience in an evolving regulatory landscape.

The EMIR Refit has set a new standard for data quality and validation, reshaping how the industry ensures accuracy and compliance in trade reporting. Beyond regulatory requirements, this shift highlights the critical role of robust oversight within organizations. By embedding strong data validation practices and leveraging insights from high-quality data, companies can not only meet compliance demands but also strengthen their operational resilience and market trust.

The TA Bank Rec facilitates the automated daily reconciliation of all cash transactions at investor level as well as the movements between the operating account and the TA account. Our unique 2-step reconciliation process allows you to match one deal from the deal board against two money movements at the bank and visualise this with inbuilt MIS to help reduce errors and manual involvement.

While UCITS KIID (past performance, charges for the fund, the objectives and investment policy etc.) or PRIIPs KID (8 Sections listed within the EPT to contain 100+ data points) both contain information under standard headings, the display of this information within PDF documentation is highly variable and unstructured and therefore presents a significant challenge to achieving an automated, scalable and accurate process for extracting this data for downstream use or reconciliation. Check out below how Fusion negates these issues to achieve a straight through process.

MIS provides structured, data-driven insights that enable firms to monitor trade reporting accuracy, identify compliance gaps, and mitigate risks proactively.1. Transparency & Accountability – Clear, structured reporting ensures senior management and compliance teams have a real-time view of EMIR obligations.2. Error Detection & Remediation – MIS helps firms track reporting errors, omissions, and reconciliation issues before they escalate.3. Regulatory Readiness – With increased scrutiny from regulators, a robust oversight framework ensures firms are always audit-ready.

Dividend Reconciliations are a vital element in safeguarding the accuracy of investment income records. They serve as a financial linchpin for fund managers and administrators who must ensure that dividend payments are correctly accounted for and reconciled against expected income. Our Dividend Reconciliation solution delivers precision and peace of mind by matching distributed amounts with investor entitlements. This process not only confirms the accuracy of income received but also identifies any variances promptly, enabling swift resolution.

Fusion allows users to build or choose their own output reporting formats that can be lined up with internal systems such as Investran, eFront & many more to create workflows that automatically ingest files in their native formats, standardise or enhance the information via static data lookups or supplemental data feeds to produce the required double entry journals for the automatic booking of trades/accretions/fees within the downstream accounting system.

Forward Reconciliations are a key component in the preparation of and review of a published NAV. Given the instruments lack common market identifiers, and can be presented as individual legs or consolidated deals the completion of the reconciliations is often performed manually, in excel or using a separate system to other reconciliations leading to slower, less automated and varied processes. Leveraging the flexibility, customisability and powerful data transformation layer within Fusion all of these roadblocks to a straight through process can be negated

Collateral Management, the process of managing assets pledged by one party to another to mitigate credit risk and minimise the effects of potential default, requires firms to be able to reconcile data points such as trade & maturity dates, notional values, MTM and margin figures, currency codes, identifiers, counterparty IDs & more to ultimately help in reducing risks related to derivative, repurchase, and securities lending transactions.

Unlike point of time reconciliations, a sequential reconciliation such as a Transaction reconciliation will only receive each row of data once and must retain and carry the information relating to exceptions forward across subsequent periods until such time as an update or corresponding information is received to match against it. In the case of Transaction recs, this can often lead to manual, variable processes being carried out to reconcile data offline which lack the ability to categorise and tag individual transactions based any of the underlying trade economics in an automated manner.

The Fund prospectus is an important document that contains crucial details about the fund's investment objectives, investment strategies, historical performance and fund managers. Prospectus are large unstructured documents which can make processes leveraging the information within very manual.

The management of capital call or distribution notices within Private Equity often involves manual data extraction from many, variable, unstructured PDF documents. Fusion can help automate the capture of important details, such as the call amounts, commitment or distribution figures, yields, sender information, address details, relevant dates and more. This information can then be enhanced, normalised and easily leveraged downstream by recipient systems or within reconciliations, removing tedious data manual entry and allowing users to focus on more value adding work while reducing potential errors.

Performance in Private Equity is traditionally measured via the IRR or Multiples on Money (MoM). In the following example we cover the derivation of the below multiples which help capture the returns on invested capital. 📈 Distributions to paid in capital (DPI): Representing the net cumulative realised proceeds returned by a fund to its investors relative to its paid in capital. 📈 Residual value to paid in capital (RVPI): Represents the net current fair value of all assets held by the fund relative to its paid in capital. 📈 Total value to paid in capital (TVPI): Represents the net cumulative realised proceeds (DPI) plus the unrealised and cost (RVPI) of all assets held by the fund relative to its paid in capital. Leveraging Fusion to automate workflows such as the above can eliminate time consuming manual tasks and provide crucial information almost immediately to assist with the oversight of performance & market benchmarking while giving access to auditable reporting.

Post the ingestion, normalization, enhancement and/or reconciliation of data from Capital Call/Distribution notices, PCAPs, Quarterly reports, Financial Statements, Schedules of Investments or any other data that is required, data is passed to Fusion's reporting layer which facilitates the timely generation of insights at multiple levels such as across the total program, by strategy, by fund, or at the investor level depending on the use case. These insights could relate to performance (DPI, RVPI, TVPI, PICC, IRR etc), oversight of commitment, NAV, distribution or paid in capital values, cash transaction oversight, monitor trends, aid in benchmarking and much more.All dashboards are interactive in real-time, can be exported as PDF, Excel or CSV files and images and facilitate drilling down into the underlying reconciliation figures that has lead to their population for complete auditability and transparency.

As EMIR Refit continues to reshape trade reporting, firms need more than just compliance - they need clarity, control, and confidence. That’s where Fund Recs' enhanced MIS Reporting comes in. Our latest dashboards provide deep, actionable insights to support your EMIR oversight framework with granularity, flexibility, and intelligence:1. Split Reporting Visibility – Monitor delegated vs. in-house reporting across your fund range, with clear status indicators.2. Completeness & Accuracy Checks – Data quality reviews benchmarked across source systems, TR submissions, and reconciliation outputs.3. Fund-Level Drilldowns – Track reporting metrics by individual fund, strategy, or umbrella—enabling tailored exception resolution.4. Counterparty Analysis – Break down reporting by counterparty type, jurisdiction, and reporting pair to identify systemic gaps.