When you hear those letters, SEC, what comes to mind? To some it's the call sign of a superhero tasked with protecting the American people from fraud and keeping Wall Street accountable. To others it's a dreaded governmental bureaucracy creating endless paperwork and...
You know there are problems with your current manual reconciliation process. It’s not efficient – there are way too many people ‘ticking and tying’ when they could be doing so much more. It’s open to risk and difficult to report on – unstandardized. Jack...
Far reaching new rules introduced by the United Kingdom’s Financial Conduct Authority (FCA) with respect to customers’ monies and assets have been encompassed under policy statement 14/9...
It is crucially important that all organizations, which rightly seek financial stability and control, pay careful attention to the need to deploy a robust reconciliation software. The results of failing to do this, with the necessarily high degree of...
Risk Mitigation Techniques such as Portfolio Reconciliation for uncleared trades must be applied by firms as described in article 13 of the EMIR regulation. Depending your exact business this can be an easy exercise or a real burden. When you are a non-financial...
Evolution of account reconciliation solutions Software solutions dealing with account reconciliation have been around since the 1960s. Originally developed on mainframes, they were designed to automate the ‘ticking and tying’ of transactions to ensure that...
Capital markets firms have been reconciling data for as long as any of us can remember. However, unlike the situation in some other industries, true enterprise-wide reconciliation practices housed in one repository have eluded the industry for years. ...
Microsoft Excel remains the most widely used reconciliation platform today, but at what cost? It’s perfect for small businesses or quick fixes: cheap, easy, and flexible. But what happens when your needs grow in terms of frequency, volumes and...
I recently penned a blog about how we have helped a number of clients recently with their accounts receivable cash allocation using the ReconArt™ Total Reconciliation Lifecycle™ solution. Soon after it posted, I woke up one morning realizing that the...
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