AutoRek’s ability to match high volumes of transactions and movements makes it an ideal solution for complex custody reconciliations in the asset management and securities processing businesses.
Many of our clients have transformed their operations by being able to demonstrate rigorous controls to their clients (in the case of third party administrators) and the regulators. The rewards for this have been great:
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Dramatic reductions in manpower required to reconcile positions
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Significant reduction in exposure to buy-backs and house account losses
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Lower losses on dividend reconciliations
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Daily reconciliations and monthly reconciliations eliminating the six monthly massive exercises previously
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Reduction in losses caused by client designations and incorrect re-registrations and warranties
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