Daily and intraday reconciliation has become a key measure for improving asset managers’ internal controls. However, due to the rise in volume of reconciliations, teams are only given a small window of opportunity to identify and resolve breaks – igniting a process known as exception management that involves exception prioritization, escalation and documentation.
In a market recently riddled with uncertainty and volatility, funds have been finding it difficult to maintain an accurate and timely valuation of their assets, especially as the number of pricing sources they deal with rises. Read More
The correct business decisions can only be made if the data being used to generate insights is clean and accurate. With this requirement, data management has become crucial for funds, especially within the reconciliation process as data is constantly extracted and processed from a variety of different sources.
There are a multitude of source systems that are used by front, middle and back-office teams in buy side firms. For the purpose of portfolio accounting, one of the most popular systems that is used is SS&C’s Advent Geneva, which allows funds to build their entire accounting book of records (ABOR) by feeding investments and reference data directly into the system.
Deal monitoring is a critical step in the portfolio management process. With a growing need to generate business insights in a timely manner and – more specifically – track whether borrowers are adhering to loan agreements, asset managers are now seeking a robust solution to standardize certain functions and increase operational efficiency throughout the deal life cycle.