Improve your operational efficiency by eliminating manual data entry and reducing your reconciliation processing time
- Scale: Reduce or eliminate manual data entry for start of day reconciliation of positions and cash
- Improve Efficiency: Shorten reconciliation cycles from days to hours
- Save Money: Get greater distribution of product across multiple platforms without adding staff
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How the Service Works
Our knowledge-based process uses artificial intelligence to gather and transform financial account data to meet sophisticated data requirements.
Positions, balances, transactions and securities data is ready to reconcile against the custodian-reported data.
- Connector to structured and unstructured financial account data
- Aggregate transactions, positions, balances from 4,000+ different custodian and TAMPs
- Data collected using direct connectivity and/or html parsing and/or PDF parsing
- Often use multiple different-format sources to ensure completeness of the data
- Can add a custodian that is not currently supported by the Morningstar® ByAllAccountsSM service
- Support multiple currencies
- Support trade-date and/or settlement-date based data
- Provide platform independent data delivery. Deliver to any system including Advent®, SmartStream, and InData
- Also deliver data to proprietary data warehouses and reporting systems
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Systems We Work With
ByAllAccounts delivers account data to portfolio management, reconciliation, compliance, trust accounting and performance systems including:
- Your proprietary system
Case Study: Asset manager using InData saved 20-23 days per month on reconciliation
- Current Situation: Start of day reconciliation of positions and cash often requires printing account information if there is web access, or receiving paper statements at month-end to manually reconcile data.
- Solution: Using InData, a provider of software and services for buy-side firms, in combination with ByAllAccounts, provides position files for daily reconciliation.
- Benefit: Significantly reduce reconciliation processing time from weeks to days
Click Here to read the full Renaissance Case Study
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