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Reconciliation Solution
Reconciliation is becoming increasingly complex. From bank reconciliation to account reconciliation to cash reconciliation to balance sheet reconciliation, data is often inaccurate or incomplete. Manual operations are falling short with rising transaction volumes and esoterics. Traditional spreadsheets can’t provide a holistic view of your operational risk across funds, much less automate reconciliation.
IVP Reconciliation Solution automates, accelerates, and simplifies reconciliation. Powered by artificial intelligence (AI) and machine learning (ML) technology, this software solution is designed to handle peak volume, velocity, and asset class complexity. Unlike conventional hedge fund accounting software or cash reconciliation software, the IVP Reconciliation Solution features “any-to-any” reconciliations and an ultra-fast engine that processes millions of transactions in minutes. Most importantly, IVP’s solution outsources reconciliation to the cloud, where our cross-functional support teams handle all reconciliation workflow and use digital-first technologies to boost accuracy and efficiency
benefits
Advantages for Buy-Side and Sell-Side Firms
Asset managers benefit from IVP’s fundamentally different approach to reconciliation, which combines outsourcing, , automation, and advanced technology to streamline rapidly changing workflows.
Up to 30% Efficiency Gain
Automate reconciliation of complex transactions, including OTC instruments
40% Faster Implementation
Quickly identifies patterns, associations, and insights to set up new reconciliations in minutes
Up to 50% Lower Cost
Reduces the cost of reconciliation by up to 50% with outsourcing and automation, when combined with IVP Reconciliation as a Service
More Intelligent Operations
Trust IVP’s AI to recommend the right “next steps” for any bank reconciliation, account reconciliation, cash reconciliation, or balance sheet reconciliation process
Transparency
Maintain a complete history of user actions for more accurate audits
Higher Accuracy
Automatically recommends the right “next steps” for any bank reconciliation, account reconciliation, cash reconciliation, or balance sheet reconciliation process
Redirect Resources
Move on from traditional hedge fund accounting software or cash reconciliation software, offload reconciliation of positions, activities, and cash balances, and refocus those resources on more strategic activities
What’s Possible with Reconciliation Solution
Position Reconciliation
Data Reconciliation
Payment Reconciliation
Cash Reconciliation
NAV Reconciliation
Hedge Fund Reconciliation
Inter-State Reconciliation
Bank Reconciliation
Balance Sheet Reconciliation
N-Way Reconciliation
Profit & Loss Reconciliation
Account Reconciliation
Nostro Reconciliation
Month-End Close Reconciliation
Embedded Broker Email Communications
Key features of
Reconciliation Solution
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 IVP’s managed services team can set up new bank, account, cash, or balance sheet reconciliations in minutes instead of days. Plus, in-memory performance is faster and more scalable than a conventional database.
Efficient Month-end Close Reconciliation
Optimize monthly/quarterly fund accounting, balance sheet reconciliation, and NAV reconciliation with a hassle-free month-end close reconciliation that runs in parallel with daily reconciliation activities. Avoid duplicate processes with a single “as-of-daily” or “as-of-month-end” close view.
Any-to-any Reconciliation
The combined output of IVP’s Reconciliation Solution and managed reconciliation service reconciles data from a fund, admin, and counterparty—all in a single, N-way reconciliation. Out-of-the-box reconciliations include bank, cash, position, trade, trial balance, TEV, NAV, P&L, and month-end close.
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
Should you choose to use only the reconciliation software solution without the accompanying managed service, the intuitive user interface lets users configure everything without intervention from IT. No code, no hassles, just efficient cloud-based reconciliation.
Advanced Workflow Management
The reconciliation software solution offers configurable, end-to-end workflow tags and assigns exceptions automatically with a robust audit trail and multi-level signoffs.
What These Features Mean For Asset Managers
IVP’s platform is a powerhouse of AI-driven efficiency, designed to turbocharge your reconciliation process. Say goodbye to manual errors and hello to automated brilliance, all while slashing operational costs. Seamlessly integrate data, breeze through month-end closes, and communicate effortlessly with brokers—all on a user-friendly interface that needs zero IT skills. It’s not just reconciliation; it’s reconciliation reimagined. Get ready to elevate your operations to the next level!
Customer Use Cases
Asset Managers
Integrate with
PMS/OMS, accounting, reference masters
Prime Brokers
Reconcile positions,balances, trades
Custodians
Reconcile bank statement and ledgers
Fund Administrators
Reconcile monthly/daily NAV, trial balances, P&L
By The Numbers
4.2tn+
AUM managed using IVP technology
1.6tn+
RAUM reported through IVP Regulatory
Reporting Platform
500+
Strategy & Bespoke Projects delivered
180+
Fund managers using IVP Solutions
100+
Fund Managers using IVP “Digital First” Managed Services
35%
Global hedge fund AUM running through IVP products
Delivering Specialized Solutions Across Industry
Security and Reference Master
A reference data management solution with a highly configurable core and intuitive data modeling that combine to create an accurate reference master more efficiently.
Cash Management Solution
A customizable cash management solution for processing payments and monitoring balances via STP. This ISO 20022 compliant solution also centralizes balances for unified risk control and regulatory compliance.
IVP for Private Funds
IVP for Private Funds helps private fund managers to automate deal lifecycle management, enhance portfolio management, and improve analytics & reporting.
Managed Services
Cloud-based IVP Managed Services can help reduce cost pressures and build operations that are highly efficient and scalable.
NAV Solution
Remediate anomalies and bring efficiency to the shadow NAV process by automating key controls with full traceability to specific NAV components. Our workflow-driven process also helps reduces operating costs.
Shadow Accounting
Learn how IVP Shadow accounting can help investment funds to verify the results of their outsourced administrator including NAV, fees, P&L and financial calculations.
Reconciliation as a Service
Powered by IVP Managed Services, this platform becomes “Reconciliation as a Service.” In this streamlined outsourcing engagement, our cross-functional support teams use digital-first technologies to manage reconciliation workflows in the cloud to boost your efficiency.
IVP Explorer
Finding The Right Solutions
IVP’s offering has the breadth found at the largest global, multi-line technology providers combined with the specialized knowledge, innovation, and service found at leading boutiques.
Asset Management
CLO Managers
Credit Managers
Family Offices
Fund of Funds
Infrastructure Funds
Long Biased Funds
Long Short Funds
Private Debt Managers
Private Equity
Real Estate Funds
Special Situations
RESOURCES FOR GROWING YOUR FIRM
IVP’s FinanceForward Thinking
Discover the latest trends, find out how your peers are accelerating their digital transformations, get updates on evolving products, and more.
FactSheet
Automate transaction Identification & trade Booking
Case Study
Global Macro Fund Adds Real Time Reconciliation
Webinar
Revamping Your Operational Model for T+1: Key Considerations and Best Practices
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