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Imagine Software Announces Expanded Reconciliation Offering in Partnership with ReconArt

Imagine Software, an award-winning provider of real-time portfolio and risk management solutions, and ReconArt, the complete lifecycle reconciliation specialists, today announced a partnership to offer firms in the alternative investment industry a robust and fully integrated portfolio management and reconciliation platform featuring best-in-class capabilities.

The new solution is specifically designed to offer clients significant cost savings, seamless integration between portfolio management and reconciliation functions – covering positions, transactions and cash balances – and an enhanced level of customer service.

ReconArt is the innovative, customer-driven provider of best-in-class reconciliation software technology to the global financial services industries and their customers. Through its ReconArt™ Total Reconciliation Lifecycle™ solution ReconArt provides the latest generation, zero-compromise reconciliation platform allowing customers to establish the highest degree of automation, best practice, and consolidation of multiple reconciliations – both daily and period end - within a single integrated solution.

Imagine Software, included in Institutional Investor’s 2013 Trading Technology 40 and recent winner of the HFMWeek 2013 Most Innovative Technology Award, is a recognized provider of cloud-based, integrated, risk and portfolio management solutions to the global financial community.

“We are so pleased to be partnering with Imagine Software to bring a truly cohesive portfolio management and reconciliation solution to the marketplace. Our specific intent was to address the challenge of automated reconciliation across a broad range of third parties such as prime brokers and fund administrators, minimizing the opportunity for human error,” said Nicolo Nisbett, EVP, ReconArt. “The shared innovative approach that we take to developing solutions to tackle our clients’ evolving needs ensures that our combined offering will continue to adapt with changes in the industry.”

“Working with an industry leader such as ReconArt allows us to further meet our clients’ demands for increased operational efficiencies by providing enhanced reconciliation services, supporting straight-through-processing (STP) initiatives,” said Steven Harrison, President & COO, Imagine Software. “This approach is right in line with Imagine’s overall efforts to create the most comprehensive risk and portfolio management product, available as an integrated offering and we are very excited to partner with ReconArt in this regard.”