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Genesis extends Watson Wheatley T-Recs implementation

02 October 2009  |  2587 views  |  0 Source: Watson Wheatley

Watson Wheatley, an emerging supplier of reconciliation products for asset managers, has extended its installation of T-Recs, its generic reconciliation system, for Genesis Investment Management LLP (GIML), a specialist in managing Emerging Markets equity portfolios, to automate daily cash reconciliation with its custodians.

"We are delighted that Genesis has chosen to extend its existing investment in our systems in this business critical area. This is a logical extension of the existing NAV reconciliation process already implemented, and provides fuller control over the maintenance of timely and accurate trade records within Simcorp Dimension, its portfolio accounting system" says Duncan Wheatley, director and founder of Watson Wheatley.

Sally Barr, Senior Manager, Portfolio Administration, and responsible for the implementation at GIML commented "We were very impressed with the implementation, and the flexibility of T Recs. The delivered product has exceeded our expectations by catering for so many complex issues, and is providing significant time savings allowing focus to be exception driven. User response to the system has been very positive. While post live support required has been minimal, the response time to all questions raised has been excellent - and gives us great confidence for the future"

Watson Wheatley is a software and consultancy company with over 20 years experience of building and delivering products and custom solutions to the asset management industry. Their clients include some of the largest hedge funds in the world, long only asset managers, custodians, brokers and software suppliers.

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