UK Asset Manager selects i-Recs for Trade and NAV Reconciliation

2 November 2011

Watson Wheatley Financial Systems (WWFS) announce the addition of a new UK based asset manager to their growing client base. The license agreement is for use of the i-Recs system to perform daily cash, daily holdings and periodic NAV reconciliations across the group. WWFS’s Importer software is a key component of the installation used to retrieve data from multiple custodians ready for reconciliation against accounting records from Simcorp’s Dimension product.

Director Duncan Wheatley – “We are delighted to be offering our client a centralised and highly automated reconciliation solution to replace a fragmented and labour intensive process. Our ability to automate the parsing and aggregation of data from large number of files, validating the results before automatically reconciling the data was key to the client’s choice to use i-Recs.”

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