Reconciliation

Empowering customers to break free from outdated

systems and processes, eliminate workflow gaps

and complicated manual spreadsheets

Tier One Investment Bank

A global investment bank and financial services firm founded and based in Switzerland as a standalone firm. They needed to comply with G20 regulations but was running out of time and drowning in complexity. Compliance needed to be fast and efficient, without getting in the way of business.

Gresham’s Control which provides financial institutions with a single source for end-to-end automation, validation and reconciliation of their data, controls, workflows and reporting, onboarded and updated controls to comply with the deadline and meet the standards and scrutiny of the regulators.

Gresham worked with the bank’s technology partner to accelerate implementation and simplify the complex challenges involved, onboarding new controls across a wide range of asset classes and replacing existing reconciliations – all before the compliance deadline.

Regulatory compliance can strangle your business if not well managed. You need to comply quickly and efficiently so your business can focus on day to day operations and strategic challenges.

US Global Asset Manager

A US based firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors with approximately US$725 billion in assets under management.

The team were outsourcing reconciliation to a 3rd party using legacy technology. They were looking to bring reconciliation in-house to save significant costs and to improve controls within the business.

Control Cloud was adopted for Cash and Stock reconciliations, using SWIFT and SWIFT-like data feeds, followed by Prime Broker reconciliations and manual reconciliations in spreadsheets.

The firm now have complete ownership of their controls environment with controls wholly maintained by the Recon CoE.

3,000 accounts, 300 controls, and 100 users were onboarded in the first two years of operation.

US Investment Firm

Chicago-based investment company with $102 billion under management managing U.S. equity, international equity, and global equity strategies.

The team responsible for supporting portfolio analytics and management was tasked with automating the error-prone manual reconciliation process that was being performed on spreadsheets.

Control Cloud and Pulse Data solutions provided data acquisition and normalisation from custodian banks, automatically integrating and reconciling data from 12 custodians.

The system works. As important for us is the really great support we get from Gresham. They respond immediately to inquiries and is especially helpful in troubleshooting. From a people perspective, Gresham is an outstanding and dedicated supplier.

Vice President, Securities Operations