IVP RECON

Reconciliation Redefined

Automate, accelerate, and simplify reconciliation with AI and ML technology designed to handle peak volume, velocity and asset class complexity

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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 day. And with IVP Managed Services, you can outsource reconciliation with full “audit anytime” transparency.

CAPABILITIES

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

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