Definition: The structured coordination of tasks, approvals, and communication required to take a reconciliation break from discovery to final resolution. It involves assigning ownership, setting escalation timelines, and maintaining a transparent audit trail of every action taken.
Example: When a large trade discrepancy is identified, the system’s workflow management automatically assigns the break to the fixed income desk. If the break remains unresolved after 24 hours, the workflow triggers an automatic escalation email to the head of operations to ensure the high-risk item receives immediate attention.
Explore the IVP Reconciliation Solution
The IVP Reconciliation Solution features a sophisticated workflow orchestration layer that replaces informal emails and manual tracking. Our integrated model ensures that every firm-specific policy is codified into the system, from simple status updates to multi-level approval hierarchies. IVP’s team acts as an extension of your operations, following these digital workflows to ensure that every exception is documented and resolved according to institutional standards and regulatory requirements.
