Eze Software Group has enhanced its Eze Portfolio Accounting module with a Reconciliation Summary dashboard.
The tool provides a view of all reconciled and unreconciled positions, transactions and cash balance grids to help funds better automate the reconciliation process and lower collateral risk. Additionally, Eze has bolstered its fund accounting expertise.
The Reconciliation Summary dashboard is one of many features of Eze Portfolio Accounting aimed at making reconciliations simpler, easier and more accurate. Users can view all of their reconciled and unreconciled positions by fund and custody account, and filter the information further by fund and currency. The dashboard also shows all closing cash balance differences, grouped by cash account and currency, including records with breaks and any mapping issues. Users can auto generate missing trades without having to swivel between screens.
“Reconciliation in today’s market is complex, and funds need seamless, effective tools that automate the process. The Reconciliation Summary dashboard makes it easy to see at a glance where they stand at any given point in the day,” says Bill Neuman, managing director, product management. “Eze Investment Suite’s ability to automate our customers’ toughest workflows, coupled with unparalleled support by our expert staff, ensures our clients can dedicate their resources to investing, without having to devote significant time and effort to the daily operational tasks that need to get done.”
The technology is supported by a bench of fund accounting experts. There are currently more than a dozen fund accountants and staffers with extensive fund accounting and operations expertise working across the development, client services and sales organisations.
“We firmly believe there’s value in having in-house experts help clients set up their portfolio accounting functionality and best practices to be able to create a shadow NAV as well as facilitate reconciliations and data migrations,” Neuman adds.