Watson Wheatley reveals reconciliation-as-a-service

Watson Wheatley reveals reconciliation-as-a-service
18.06.2018 10:54 am

Watson Wheatley reveals reconciliation-as-a-service

Cloud , SaaS

Watson Wheatley Financial Systems, specialists in securities reconciliation software, have announced the launch of ‘Reconciliation as a Service’.

The new initiative is currently live with its first client; a large emerging markets equities asset manager. The service is heavily automated, bounded by strict SLA’s and provides regular reporting for oversight of the process. Watson Wheatley have a clear mandate for further automation of the process which will allow faster data delivery, higher match rates and overall cost savings for the client.

The service is designed to save on manpower while still providing the best practice reconciliation which is a cornerstone of Watson Wheatley’s offerings. A full audit trail, sign off process and the elimination of spreadsheets is achieved by using this hosted application. Multiple types of reconciliations are being performed and performance analytics being delivered back to the client.

Further details of the specific agreement and Reconciliation as a Service are expected to be revealed in due course.

Tom Wheatley, COO at Watson Wheatley:
“This was an excellent opportunity for a new business line at Watson Wheatley, leveraging our powerful reconciliation solution iRecs to deliver a comprehensive reconciliation service to our client. The solution is hosted by Watson Wheatley in the cloud, with direct import and upload capabilities back to the client’s portfolio accounting system, allowing for seamless integration with their daily processes.”

“We also have a great excuse to use our system daily and fully experience the day to day use of the product in a real environment. We have had excellent feedback over the years from our clients but this provided an extra opportunity to realise real productivity gains as a direct result of using the application ourselves.”

Related News

CloudTrade brings global cloud-based PDF invoice automation to enVista

enVista, a leading global consulting and software solutions firm, enabling enterprise commerce for the world’s leading manufacturers,... Read more »

Beeks Financial Cloud Secures 7000 VMs through Altaro VM Backup.

Altaro, today announced a significant adoption at a leading global hosting company Beeks Financial Cloud, managing 7000 virtual machines (VMs) with Altaro’s VM Backup solution... Read more »

Orange Business Services and Additiv partnering to offer cloud-based wealth management solutions

First wealth management as-a-service products for financial institutions

Bolsters Orange Business Services within financial... Read more »

VST Enterprises advances public sector procurement profile

Technology firm accepted onto government cloud services framework

 VST Enterprises, which... Read more »

CashFlows offers BIN Sponsorship services

CashFlows today announced it will help to break down barriers to payment innovation by offering BIN sponsorship... Read more »

Perkbox appoints former Travelzoo EMEA General Manager as Enterprise Customer Success Director

Next step in company’s international expansion plans

In line with the company’s international expansion plans and shortly after the completion of its brand new... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App