24 September 2017
visit www.avoka.com

SS&C Technologies upgrades reconciliation product

08 May 2008  |  1782 views  |  0 Source: SS&C Technologies

SS&C Technologies, Inc., a global provider of financial services software and software-enabled services, today announced the launch of Recon 6.0, at the annual SS&C Client Summit in Fort Lauderdale, Florida.

The latest release of Recon delivers an enterprise solution to help the buy-side organization gain visibility into business critical information and realize efficiencies by automating and standardizing reconciliation. Using customized, role-based management dashboards, Recon 6.0 improves workflow and business insight while accommodating high volume, enterprise ready reconciliation.

Hedge Funds, Fund of Funds, and Institutional Asset Managers are seeing a rise in trade volumes and complex products. As a result, manual trade matching and reconciliation processes are leaving buy-side firms exposed to operational risk and unnecessary cost. As these firms move to enterprise operational models, it is essential to have a reconciliation solution in place that ensures communication and knowledge sharing across departments.

"Automating a quality reconciliation process continues to be a challenge for many firms.” said Bill Stone, Chairman and CEO, SS&C Technologies, Inc. “In today’s highly competitive financial services industry, addressing quality reconciliation is imperative. With Recon 6.0, we’re able to help investment firms of all sizes collaborate and reconcile their data in real time, across the globe."

"As the complexity of products traded increases, reconciliation system vendors have kept one step ahead of the curve,” said Phillip Silitschanu, senior analyst at Aite Group. “Matching is no longer a one-to-one exercise, but has become a many-to-many process. Financial firms demand that their solutions, such as Recon 6.0, are able to provide this capability."

Recon 6.0 features an advanced workflow that supports enterprise-wide risk mitigation, strong investigation tools, and an enterprise-ready, Microsoft SQL architecture that can scale to high volumes.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13461 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9964 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8617 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8438 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8191 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job