By: Joe Souza
The outsourced reconciliation platform from SS&C uses our best-in-class data integration services (Evare) to feed the industry’s premier reconciliation platform (Recon) with daily exceptions and reporting, all managed by our outsourcing division. This combination creates the most efficient exception management solution possible.
Our solution uses the SS&C Evare direct connections with source systems to eliminate data accuracy issues, data re-loads, and general mapping or manipulation needs, all of which increase operational risk and cost. Starting the reconciliation process with high-quality, timely, and consistent data enables the business process to focus on "true" exception management versus data integrity issues.
An event-driven integration workflow with our state-of-the-art reconciliation engine allows the centralized SS&C operations staff to execute "n-way matching processes" to identify and report exceptions by 7:30 a.m. Clients can review their exceptions by the time they arrive in the office. Beginning with data acquisition and ending with summarized exception management reporting, the workflow is managed with experienced, dedicated employees.
What differentiates SS&C from competitors is our level of expertise in the various disciplines that comprise the reconciliation workflow – data services, matching and exception management and operations, and tech resources. While our competitors profess a focus in data management or in application functionality, SS&C is the only provider that has the combined forces of Evare, Recon, and professional services.
As the largest hedge fund administrator, we use Evare and Recon internally to manage 1.3 trillion AuA. To learn more about our new two-part solution to handle your exception management, view or video, or email us at email@example.com.