i-Recs is an automated reconciliation and data aggregation system designed to meet the needs of the asset management, hedge fund and commodities trading industries. i-Recs matches positions, balances, trades, cash flows and uniquely, P&L between any systems and across all instrument classes. i-Recs is the only system available that completely solves margin accounts reconciliation for listed and OTC derivatives. i-Recs also handles full NAV reconciliation accounting for all differences in positions, balances, prices and exchange rates between the internal accounting system and records provided by the custodian or administrator.
i-Recs is a multi-user client-server database application with an open and highly configurable structure. Essentially a dual accounting system, i-Recs is designed to continuously isolate all differences between disparate systems whilst maintaining full control of data integrity at every step of the process. The extremely flexible match engine can be user-configured to match any data and identify and annotate unmatched or mismatched records using one to one, many to many and iterative matching rules.
i-Recs’ work flow system allows users to manage all identified breaks, annotating them manually or automatically, and forwarding them to teams or other users. The integrated reporting engine not only supports the users in their daily activity, but critically, provides concise risk information to operations management, and objective performance measures required.