RECONCILIATION REDEFINED
Automate, accelerate, and simplify reconciliation with AI and ML technology designed to handle
peak volume, velocity and asset class complexity
Reconciliations are conceptually simple but operationally complex. Data from multiple sources is often inaccurate or incomplete. With transaction volumes rising and esoteric instruments becoming more common, manual reconciliation is too slow to be sustainable. Traditional, spreadsheet-driven processes also fail to provide a holistic view of operational risk across funds.
IVP Recon takes a different approach, leveraging AI and ML technology to help asset managers significantly increase efficiency, accuracy, and flexibility. Powered by these core technologies, IVP Recon features “any-to-any” reconciliations and an ultra-fast reconciliation engine that processes millions of transactions in minutes-all in a cloud-based solution that can go live in one week. And with IVP Managed Services, you can outsource reconciliation with full “audit anytime” transparency.
CAPABILITIES
Position Reconciliation
Cash Reconciliation
Bank Reconciliation
Month-End Reconciliation
Data Reconciliation
NAV Reconciliation
Trial Balance Reconciliation
Inter-System Reconciliation
Out-of-the-Box Workflow Management
Embedded Broker Email Communications
50
cost reduction
with IVP Managed Services
40
faster implementation
with advanced AI/ML setup
30
efficiency gain
for the average implementation
KEY FEATURES
AI-POWERED
SUGGESTION ENGINE
Using AI/ML technology, our suggestion engine recognizes patterns, “learning” your asset mix and counterparties on the fly to predict 50% to 60% of manual user actions. It automatically recommends reconciliation mappings, keys, and attributes, so you can set up new reconciliations in minutes. Plus, in-memory performance is faster and more scalable than a conventional database.
EFFICIENT MONTH-END
RECONCILIATION
Optimize monthly/quarterly fund accounting and NAV reconciliation with a hassle-free month-end reconciliation that runs in parallel with daily reconciliation activities. Avoid duplicate work with a single “as-of-daily” or “as-of-month-end” view.
ANY-TO-ANY
RECONCILIATION
Reconcile data from a fund, admin, and counterparty—all in a single, N-way reconciliation. Out-of-the-box reconciliations include cash, position, trade, trial balance, TEV, NAV, P&L and month-end.
EMBEDDED BROKER
COMMUNICATION
Communicate directly with prime brokers and custodians via email from the break blotter, with automatic attachment of break sheets, “smart compose” for the email body, and a full audit trail.
DESIGNED FOR
SELF-SERVICE
The intuitive user interfaces lets users configure everything without intervention from IT. No code, no hassles, just efficient reconciliation.
ADVANCED WORKFLOW
MANAGEMENT
Configurable, end-to-end workflow tags and assigns exceptions automatically with a robust audit trail and multi-level signoffs.
END-TO-END TOUCHPOINTS
ALTERNATIVE
ASSET MANAGERS
Integrate with PMS/OMS,
accounting, reference masters
PRIME
BROKERS
Reconcile positions,
balances, trades
CUSTODIANS
Reconcile ledgers and
bank statements
FUND
ADMINISTRATORS
Reconcile monthly/daily NAV,
trial balances, P&L
RECONCILIATION AS A SERVICE
With IVP Managed Services, IVP Recon becomes “Reconciliation as a Service.” Empowered by digital-first technologies, our cross-functional support teams manage the entire reconciliation process in the cloud with “audit anytime” transparency that makes it simple for you to check every step in the process. Well-defined SLAs and KPIs help control operating risks. And activity-based pricing lets you take a modular approach.
RESOURCES
EXPLORE RECON CAPABILITIES
IVP Recon can help asset managers maximize efficiency and flexibility in reconciliations.
REENGINEERING RECONCILIATION
See why the era of manual, spreadsheet-driven reconciliation is coming to an end.
