Cash and securities reconciliation, the process of matching internal balances, transactions, andholdings with the external records of brokers and custodians has traditionally been the deepest ofback-office functions for investment management firms. But the modern capabilities of third-partysolutions are enabling reconciliation technology to emerge as the investment managementindustry's "problem solver." Reconciliation software is moving out of the back office and into thespotlight as firms use reconciliation systems not only to support reconciling cash and securities butalso to support reconciling internal subsystems, matching orders and confirmations, and comparingsecurity identifiers, among other things.
This TowerGroup Research Note is a companion to V46:22M, Reviewing the Players in theReconciliation Software Market, which provides a detailed analysis of the vendors competing in thismarketplace.
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