Meridian Global Fund Services Group, a fund administrator, has implemented Fascet Balance and Fascet Conduit solutions for its enterprise data management.

Meridian Global Fund Services now has data normalisation and business process management solutions and the ability to automate the process of transaction matching and account reconciliation.

“Our implementation of the Fascet solutions for fund administrators has significantly increased the functionality of our back office and provides more efficiency in daily and monthly processing for our investment management clients,” says Tom Davis, chief executive Meridian Global Fund Services. “The complexity of our growing client base demanded a solution that allowed us to build out the additional infrastructure required to handle the administration of large trading volumes and managed accounts, particularly for clients with multiple prime brokers.”

“We are very excited about the strategic partnership with Meridian Global Fund Services and to add them to our roster of fund administration clients,” says Chuck Ross, senior partner at Fascet. “Today’s fund administrators require the ability to scale their operations while responding to new demands on data processing from multiple prime broker relationships and new fund structures.”