Fund Recs today announced that DMS Governance have gone live with its cash and position reconciliation modules. Managers and investors seeking high-quality fund governance overwhelmingly turn to DMS when they want to achieve industry-wide sound practices.
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 be working with DMS, a company who shares our client centric approach. Using the velocity platform, the internal rec process at DMS has been automated which allows the team concentrate more on client service and exception-based analytics. We look forward to developing a strong relationship with the team in the coming years.”
Conor Kilroy, Head of Investment Servicing at DMS said, “Over the last year we have seen a significant growth in demand for our Investment and Cash Management products. This, together with the growth of our Managed Account business, resulted in us putting in place a solution that would provide scalability and reduce time spent on manual processes. We are pleased to advise that we have now fully automated our cash and position reconciliations through partnering with Fund Rec’s market leading technology, allowing us to place more focus on other key areas and service our clients more effectively. The Fund Recs team have been very efficient and helpful during both the pre and post implementation stages.”