Velocity is a set of cloud-based software modules that helps investment managers, global fund administrators and auditors to achieve straight through reconciliations and data processing in their middle and back offices.

Nicole Harrington, Chief Operating Officer at Evenlode said “We are excited to have selected Fund Recs for the automation of our position reconciliation process. As Evenlode continues to grow, the elimination of manual processes is a priority. We not only achieved the level automation we expected but the Fund Recs implementation was seamless, and we were fully live on the application in a matter of weeks.”

Fund Recs CEO, Alan Meaney, said: “It is a pleasure to have the opportunity to partner with Nicole and the Evenlode team. Our commitment to deliver a truly automated reconciliation process fits with Evenlode’s focus on delivering operational efficiencies. We are excited to support Evenlode in their continued growth and success.”