follow our blog "4 Myths About Automating Your Reconciliations Debunked")
Far reaching new rules introduced by the United Kingdom’s Financial Conduct Authority (FCA) with respect to customers’ monies and assets have been encompassed under policy statement 14/9 (http://www.fca.org.uk/static/documents/policy-statements/ps14-09.pdf). These rules represent ...
Jul / 30 / 2014
Jul / 12 / 2014
It is crucially important that all organizations, which rightly seek financial stability and control, pay careful attention to the need to deploy a robust reconciliation solution. The results of failing to do this, with the necessarily high degree of operational detail required, ...
Feb / 6 / 2014
Risk Mitigation Techniques such as Portfolio Reconciliation for uncleared trades must be applied by firms as described in article 13 of the EMIR regulation. Depending your exact business this can be an easy exercise or a real burden. When you are a non-financial counterparty with ...
Aug / 9 / 2012
Software solutions dealing with account reconciliation have been around since the 1960s. Originally developed on mainframes, they were designed to automate the ‘ticking and tying’ of transactions to ensure that they matched. To some extent they replaced human resources, ...
Jun / 18 / 2012
Capital markets firms have been reconciling data for as long as any of us can remember. However, unlike the situation in some other industries, true enterprise-wide reconciliation practices housed in one repository have eluded the industry for years. Why? In one ...
May / 7 / 2012
Microsoft Excel remains the most widely used reconciliation platform today, but at what cost? It’s perfect for small businesses or quick fixes: cheap, easy, and flexible. But what happens when your needs grow in terms of frequency, volumes and scope? More and more ...
Apr / 25 / 2012
I recently penned a blog about how we have helped a number of clients recently with their accounts receivable cash allocation using the ReconArt™ Total Reconciliation Lifecycle™ solution. Soon after it posted, I woke up one morning realizing that the same was true for merchant ...
Apr / 10 / 2012
Reconciliation technology has many uses and provides a wide array of tangible (savings) and less tangible benefits (until a problem becomes reality) in terms of mitigating financial transaction-based operational risk. For instance, all organizations, in every market sector, ...
Mar / 5 / 2012
Why it makes sense to deploy new technology now Now has never been a better time to review how technology can assist in the multitude of reconciliation practices that necessarily exist across multiple business lines and functions. Many of us have recently closed the 2011 books, ...
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