21 March 2018
visit www.nextgenbanking.co.uk

Loomis Sayles & Company automates reconciliations with CheckFree

28 May 2003  |  2571 views  |  0 Loomis Sayles & Company automates reconciliations with CheckFree

US investment firm Loomis Sayles & Company has installed CheckFree's Recon Securities software to automate, reconcile and report its securities and cash positions.

Loomis Sayles & Company says CheckFree delivered a solution that provided a timely workflow, beginning with data collection and ending with customised reporting, allowing it to process a growing number of transactions and receive notification of exceptions.

Heather Folino, vice president of operations technology, Loomis Sayles, says: "Using the open database architecture of Recon Securities, we have been able to develop customised reporting that has enhanced our ability to monitor exception processing."

She adds: "We have also been able to interface back to our accounting system to record journal entries that would normally have been done manually."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related blogs

Create a blog about this story (membership required)
Register your place todayVisit www.nextgenbanking.co.ukvisit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12472 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10488 views comments | 29 tweets | 39 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10065 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9520 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9351 views comments | 12 tweets | 22 linkedin

Featured job

Hong Kong, Asia-Pacific

Find your next job