DDH Graham automates cash and position reconciliation with FundRecs

Source: FundRecs

Fund Recs today announced that DDH Graham Limited have been live with its cash and position reconciliation modules since early July 2018.

- DDH offers tailored and flexible funds management and administration solutions to the financial services sector and are the first Australian based client of Fund Recs.

Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensures all open positions & cash balances held are auto reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.

Alan Meaney, CEO of Fund Recs, said: “We are delighted to announce the Fund Recs platform has been rolled out at DDH Graham. Combining our technology with the expertise of the DDH team creates enormous value for both current and prospective clients of DDH Graham. We look forward to working with our first Australian client and ensuring their rec process is as seamless as possible.”

Gavin Blake, Director Fund Services at DDH Graham, said “The Fund Recs platform takes away the mundane, manual process of reconciling our own data to broker and custodian data. We just generate the files and then Fund Recs does its work. We can view each day’s reconciliation at Fund level, Asset/Category level down to Security level. Breaks in reconciliation are very visible so it allows our staff to take action quickly to investigate variances. The implementation process was a refreshingly good experience and we look forward to further expanding our use of the platform.”

Comments: (0)