Financial Services
A leading global asset management firm, managing over $200 billion in assets, faced increasing complexity in their data reconciliation processes. They were seeking a comprehensive, global reconciliation platform that could automate a wide range of reconciliation requirements across multiple operational areas, including fund operations, complex expense management, and holdings data reconciliation. However, no existing platform in the industry could accommodate the breadth of reconciliations required by the client.
The client’s reconciliation landscape involved highly complex requirements, which included:
01
Reconciliation processes required consistent, standardized data across diverse systems and sources.
02
A significant amount of intricate business logic had to be applied for accurate reconciliation
03
Data had to be enriched and processed to meet the specific reconciliation needs
04
The daily volume of data and transactions was substantial, adding to the complexity of the reconciliation process. The client struggled to find a solution that could handle all these complexities, leaving them with a fragmented and inefficient workflow.
BlocRecon’s self-service capabilities and enterprise-grade architecture provided the perfect solution. The platform was deployed to address the full spectrum of the client’s reconciliation needs, with flexibility to accommodate complex business logic, large data volumes, and extensive data enrichment requirements.
By leveraging BlocRecon’s robust reconciliation capabilities, the client was able to:
BlocRecon’s self-service capabilities and enterprise-grade architecture provided the perfect solution. The platform was deployed to address the full spectrum of the client’s reconciliation needs, with flexibility to accommodate complex business logic, large data volumes, and extensive data enrichment requirements.
By leveraging BlocRecon’s robust reconciliation capabilities, the client was able to:
BlocRecon’s platform was successfully deployed and tailored to meet the client’s specific requirements. Despite the complex nature of the reconciliation workflows, the client achieved User Acceptance Testing (UAT) sign-off within just 5 weeks from deployment. This swift implementation time was made possible by BlocRecon’s intuitive self-service functionality, which enabled easy configuration and quick adaptation to the client’s needs.
The implementation of BlocRecon enabled the client to:
The implementation of BlocRecon enabled the client to:
With BlocRecon, the asset manager transformed its reconciliation processes into a highly efficient, automated workflow that meets the demands of a global financial institution. The ability to consolidate all reconciliation needs into one platform has not only improved operational efficiency but also positioned the client for scalable growth in the future.