Why Real-Time Reconciliation Is an Operational Imperative

Reconciliation has always been part of middle office operations. But in the last few years, it has changed from a batch process to a front-and-center, real-time requirement. The pace of trading, the complexity of instruments, and the expectations from portfolio teams have all increased. But many operations teams still rely on overnight runs, manual adjustments, and fragmented views.

That disconnect is creating risk and drag. Which is why real-time reconciliation is quickly becoming essential for buy-side firms.

The Old Model Doesn’t Hold Up

Most reconciliation systems were built to run once a day, typically overnight. This approach works until it doesn’t. As soon as your strategy involves intraday trading, derivatives, or funds with complex pricing rules, overnight is already too late.

Trades are settling faster. Fund admins are publishing cash and positions throughout the day. Portfolios are adjusted in real time. Meanwhile, your team is staring at a dashboard that refreshes every 24 hours.

The result? Breaks show up after the fact. NAV gets impacted. And ops becomes the bottleneck.

Automation Isn’t the Full Answer

Most firms will say, “We already automated reconciliation.” And that’s true, to a point. But typical rule-based workflows can’t handle new file formats, exception types, or timing mismatches across counterparties. When any of that breaks, people have to step in.

That’s the gap.

It’s not about whether you’ve automated reconciliation. It’s about whether you’ve built a system that can adapt in real time across trade data, cash, and positions as well as surface the exceptions that need attention immediately.

Intraday Accuracy: From Nice-to-Have to Non-Negotiable

Because of all these dynamics, more firms are looking at reconciliation not as a back-office hygiene task but rather as a direct contributor to decision-making speed and data confidence.

Here’s what that shift looks like:

• Matching trades and positions across systems before your traders ask what’s wrong
• Adjusting Geneva books midday based on fund admin updates
• Highlighting open trade equity (OTE) anomalies without waiting until EOD
• Surfacing actual breaks that need intervention, not just noise

In this environment, timeliness is accuracy.

How IVP Reconciliation Solution Helps

The IVP Reconciliation Solution is designed for exactly these challenges. It is the solution of choice for firms with high-volume, high-complexity book derivatives, alternatives, and multi-strategy portfolios, who can’t afford to wait for end-of-day processes.

What sets the IVP Reconciliation Solution apart is how it handles timing mismatches, live data changes, and book adjustments mid-cycle. It doesn’t just log Geneva breaks, delayed pricing, and OTE mismatches, it acts on them in real time. And because the solution includes flexible logic and event-based triggers, it adapts to new file formats and sources without constant reconfiguration.

The results: faster resolution times, cleaner books, and fewer surprises before reporting deadlines hit.

Want to Go Deeper?

We’re hosting a live session that unpacks this shift in detail: Solving Real-Time Reconciliation: When Accuracy Meets Urgency. It will cover:

• Resolving breaks during the day, not after
• Handling pricing mismatches and Geneva book adjustments
• Automating updates without delay or disruption

If you’re still chasing breaks after hours—or burning cycles on known lags—this is a conversation worth having.

[Reserve your spot]