Definition: Visual reporting tools that track the health and efficiency of a firm’s reconciliation process. They provide real-time metrics on high-level trends, such as total volume of breaks, age of unresolved exceptions, and performance of specific counterparties or asset classes.
Example: A Chief Operating Officer uses a KPI dashboard to monitor the firm’s reconciliation status across global funds. By glancing at a chart showing the “Trend of Aged Breaks,” they can quickly see if the operations team is falling behind on resolutions or if a specific custodian is consistently providing poor-quality data.
Explore the IVP Reconciliation Solution
The IVP Reconciliation Solution features robust, interactive KPI dashboards that turn raw reconciliation data into actionable management insights. Because this is an integrated offering, IVP’s experts work with the firm to define and track the metrics that matter most to their specific strategy such as match rates or resolution turnaround times. These dashboards provide a transparent window into operational risk, allowing management to make data-driven decisions to optimize middle and back-office performance.
