UnitRecon
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Overview
What is UnitRecon?
UnitRecon automates the unitized investment reconciliation process
and provides tools to assist the reconciliation of outstanding items.
Business need
Linked Investment Service Provider (LISP) companies need to reconcile unit transactions with Fund Managers in
an automated and timely way. The reconciliation should confirm the correct execution
of instructed transactions and highlight exceptions for follow-up and resolution.
The large transaction volumes, different source data formats and tedious manual
matching are forcing financial institutions to improve and automate transaction
management.
How we solve it
Digiata’s UnitRecon product addresses transaction reconciliation and exception handling
in a structured, innovative and automated fashion. UnitRecon provides for the import
of the LISP’s transaction history. The market or Fund Manager transaction statements
are auto processed or captured while applying static data and balance verification
checks. Automated matching rules are run against unmatched transaction. One-to-one,
one-to-many and many-to-many matching are standard features of UnitRecon. Manual
matching is provided in order to allow the users to identify and follow-up exceptions.
The transaction and holding reconciliation positions are detailed in various reports.
In addition to the normal reconciliation requirements, UnitRecon also provides for
price data import which in turn allows for Valuation Reporting, Fund Allocation
Reporting and Rebate calculation and invoicing.
Business benefit
Transaction unit reconciliations are automated. Exceptions and
errors are identified and resolved pro-actively. The checking and verification of
data and matching against business rules provides for an accurate view of the business
risks. The available market and price information can also be used for other requirements.
10 Reasons to use UnitRecon
- Faster, more accurate processing
- Automated matching of transactions
- Highlights incorrect market transactions immediately
- Manage reconciliation exceptions
- Reconcile unit balances
- Provide a full view of assets vs liabilities
- Provides a market Unit Register
- Integrated MIS Reporting
- Pro-active risk management
- Web access
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