DMS Governance, a provider of fund governance, risk and compliance, has gone live with Fund Recs cash and position reconciliation modules.
Founded in 2013, Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The company recently launched its Velocity platform for Fund Administrators, which enables administrators to process valuations faster and with increased oversight.
Fund Recs Cash & Position Rec modules, which are part of the Velocity platform, will ensure all open positions & cash balances held are auto reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines.
Conor Kilroy, head of Investment Servicing at DMS said, “Over the last year we have seen a significant growth in demand for our Investment and Cash Management products. This, together with the growth of our Managed Account business, resulted in us putting in place a solution that would provide scalability and reduce time spent on manual processes.
“We are pleased to advise that we have now fully automated our cash and position reconciliations through partnering with Fund Rec’s market leading technology, allowing us to place more focus on other key areas and service our clients more effectively. The Fund Recs team have been very efficient and helpful during both the pre and post implementation stages.”
Founded in 2000, DMS Governance offers governance, risk and compliance solutions to fund managers and investors. The DMS Risk Management and Regulatory Reporting team utilise proprietary technology to provide seamless a risk management and regulatory reporting solution for European Fund Management.
Alan Meaney, CEO of Fund Recs, added: “We are delighted to be working with DMS, a company who shares our client centric approach. Using the velocity platform, the internal rec process at DMS has been automated which allows the team concentrate more on client service and exception-based analytics. We look forward to developing a strong relationship with the team in the coming years.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
