Fulcrum Asset Management LLP, a London-based independent asset management company, has gone live on Recon from SS&C to support the various stages of the reconciliation lifecycle.
By implementing Recon, Fulcrum has replaced largely manual reconciliation processes including settlement-date cash-balance reconciliations, trade-date cash, transactions and holdings reconciliations across multiple asset classes. This is to improve operational efficiencies and reduce costs.
We introduced SS&Cs Recon to streamline our reconciliation process across the firm which has proved effective in controlling operational risks whilst giving enhanced scalability as we continue to grow our business, says Sean Onyett, investment operations manager at Fulcrum Asset Management. We like the fact that we are purchasing a proven reconciliation system which has the flexibility to be customized to meet our business needs by SS&Cs experienced consultants.
Dave Reid, senior vice president and managing director for International at SS&C Technologies, adds: The Fulcrum management team leveraged SS&Cs technology and expertise to provide an enterprise-wide view of critical business activities and respond quickly and effectively to evolving market needs.
(CG)