A comprehensive, web-based platform automating data aggregation, matching, exception workflow, and signoff for fund operations. Enables centralized, configurable reconciliation across cash, portfolio holdings, fund accounting, and NAV validation.
Tools that automate the comparison and matching of financial data from different sources (e.g., custodian, prime broker, internal systems) to identify and resolve discrepancies and ensure data integrity.
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Multi-source Data Ingestion Ability to import and process data from various sources such as custodians, brokers, administrators, and internal systems. |
ReconArt documentation and web presence state capability to ingest data from custodians, brokers, fund admins, and internal systems. | |
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Automated Matching Engine Automated system for matching transactions and balances based on set rules and algorithms. |
ReconArt product literature specifically highlights an automated transaction and balance matching engine. | |
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Manual Matching Tools Provides functionality for users to manually match unmatched transactions. |
Manual matching capabilities are described for unmatched items in ReconArt's system overview. | |
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Customizable Matching Rules Allows creation and modification of matching logic and tolerances. |
Customizable matching rules and tolerances are noted as key configurability features. | |
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Exception Management Identifies, categorizes, and provides workflow tools to resolve mismatches or breaks. |
ReconArt markets its advanced exception management tools, including classification and workflow for breaks. | |
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Two-way and Three-way Reconciliation Supports two-way (custodian-internal) and three-way (custodian-broker-internal) reconciliation processes. |
Supports both cash (two-way) and portfolio with broker/custodian (three-way) reconciliations according to platform features. | |
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Automated Break Resolution Suggestions System suggests resolutions for exceptions based on historical data and rule sets. |
Break resolution suggestions based on history and rules are available per solution datasheets. | |
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Partial & Tolerance-based Matching Matches transactions using partial data or value/date tolerances to increase matching flexibility. |
Partial and tolerance-based matching is documented as increasing recon flexibility. | |
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Position and Transaction Reconciliation Reconciles both positions/holdings and underlying transactions. |
ReconArt is designed for positions/holdings and transaction reconciliations. | |
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Configurable Data Types Supports various financial security types, instruments, and asset classes. |
Multiple asset classes and instrument types are supported, as mentioned under 'configurable data types.' | |
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Zero-balance Account Support Accommodates accounts that are expected to have zero net balances. |
Zero-balance account support is a standard for modern reconciliation tools and is inferred to be supported. | |
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Flexible Periodicity System supports daily, weekly, monthly, and ad hoc reconciliation cycles. |
Daily, weekly, monthly, and ad hoc reconciliation schedules are supported according to official documentation. | |
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Real-time Processing Ability to process and match incoming data in near real-time. |
Near real-time processing is described as available in ReconArt’s web-based platform. |
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API Support Supports REST, SOAP, or other APIs to retrieve and send data from/to external systems. |
Open API support (REST/SOAP) is mentioned in integration features. | |
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Flat File Import/Export Accepts and outputs data in flat file (CSV, TXT, Excel) formats. |
ReconArt lists import/export in CSV, Excel, and other flat file formats. | |
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SWIFT Integration Supports SWIFT messaging formats for data exchange with banks and counterparties. |
No information available | |
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Standard Market Data Feeds Ability to ingest data from market-standard sources (Bloomberg, Reuters, etc). |
Standard financial data feeds are cited, including Bloomberg & Reuters capture. | |
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Batch and Stream Processing Supports both batch (scheduled) and streaming (near-real-time) data ingestion. |
Batch, scheduled, and streaming processing described in platform capabilities. | |
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Internal System Integration Can connect to internal booking, accounting, or ERP systems. |
Integration with internal systems (ERP/accounting/trading) is supported and referenced. | |
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Custom Data Mapping Flexible configuration to map, transform, and normalize data fields from external to internal formats. |
Custom data mapping and transformation between external/internal formats available. | |
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Connector Library Prebuilt interfaces for common counterparties, custodians, and data providers. |
Connector library for major custodians and data sources cited in solution documentation. | |
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SFTP/FTP Connectivity Supports data transfer via secure and standard file transfer protocols. |
SFTP/FTP file transfer supported per product literature. | |
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Cloud and On-Premise Compatibility Deployed in cloud, on-premise, or hybrid environments as required by infrastructure policy. |
ReconArt is web-based, supporting both cloud and on-premise deployments as per documentation. |
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Transaction Throughput Number of individual transactions processed per hour. |
No information available | |
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Data Volume Capacity Volume of data that can be ingested and reconciled per day. |
No information available | |
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Concurrent User Support Maximum number of users who can use the system simultaneously. |
No information available | |
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Peak Processing Time Time taken to complete reconciliation for a single cycle under peak load. |
No information available | |
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Auto Scaling System automatically increases processing resources as load increases. |
No information available | |
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Multi-threaded Processing Utilizes parallelism to improve performance on large datasets. |
Multi-threaded/parallel processing is typical for the scalability claims made by ReconArt. |
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Intuitive Dashboard Clean, customizable home screen showing key reconciliation metrics and notifications. |
Platform features customizable dashboard with reconciliation metrics and notifications. | |
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Custom Views & Filters Users can save personalized views, filters, and layouts for their workflows. |
User-defined views and filters supported for diverse workflows. | |
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Bulk Actions Ability to approve, reject, or resolve multiple exceptions at once. |
Bulk approval and resolution actions highlighted in workflow automation demos. | |
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Accessibility Compliance Conforms to industry standards for accessibility (e.g., WCAG 2.1). |
No information available | |
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Mobile Access Accessible from mobile or tablet devices for remote workflows. |
ReconArt is accessible through browsers and mobile devices. | |
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Multi-language Support Offers interface and reporting in multiple languages. |
No information available | |
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Role-based Dashboards Different user types see relevant tasks and controls. |
Role-based dashboards are configurable for different user types. |
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Full Audit Trail Tracks all actions, edits, and changes with timestamps and user IDs. |
Tracks audit trails, edits, signoffs, and user activity, as promoted in audits & compliance sections. | |
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SOX/Regulatory Compliance Supports compliance with SOX, EMIR, MiFID, or other applicable regulations. |
Compliance modules (SOX, EMIR, MiFID, etc.) are available or configurable. | |
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Data Retention Policies Configurable storage, archiving, and purging of historical records. |
Configurable data retention and purging is described in admin documents. | |
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User Activity Monitoring Records and reports on user login, access, and critical activities. |
User activity, logins, and changes are logged and reportable. | |
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Approval Workflows Configurable escalation and approval for exception resolutions. |
Approval workflows are configurable and referenced in exception management. | |
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Segregation of Duties Enforces control policies to prevent conflict of interest in user role assignments. |
Supports segregated user assignments and duties. |
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Role-based Access Control Access permissions based on roles and responsibilities. |
Role-based access controls claimed in security posture statements. | |
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Data Encryption Encrypts data at rest and in transit to ensure confidentiality. |
Data is encrypted both in transit and at rest (per ReconArt Security Overview). | |
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Single Sign-On (SSO) Supports SSO for integrating with enterprise identity management. |
Single Sign-On and SAML/LDAP integration supported (see integration section). | |
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MFA (Multi-factor Authentication) Requires more than one authentication method during login. |
Multi-factor authentication enabled per product security datasheet. | |
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Penetration Testing & Vulnerability Scans Routine tests to identify and address security weaknesses. |
No information available | |
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GDPR/Privacy Controls Supports compliance with global data privacy regulations. |
Compliance with GDPR and privacy controls are indicated in documentation. |
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Standard & Customizable Reports Both canned and bespoke reports on reconciliation results, exceptions, and break trends. |
Canned and customizable reporting modules, including exception trends and match rates. | |
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Scheduled & Ad hoc Reporting Supports automatic report generation and on-demand requests. |
Scheduled batch and on-demand reporting highlighted among reporting functions. | |
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Drill-down Analytics Interactive analysis for investigating break causes and trends. |
Interactive drill-down analytics included in dashboard and reporting package. | |
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Export to Multiple Formats Export reports to PDF, Excel, CSV, or XML for distribution. |
Reports can be exported in multiple digital formats (PDF, Excel, CSV, XML). | |
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Real-time Exception Metrics Dashboards and KPIs on current exception rates and statuses. |
Exception dashboards and real-time KPIs are shown in web interface screenshots. | |
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Historical Trending Shows performance and incident statistics over customizable time periods. |
Historical trending and analysis are part of reporting/analytics modules. | |
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Audit Reports Pre-built reports compliant with audit and regulatory standards. |
Audit and compliance reporting is a key use case cited for ReconArt. |
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Automated Notifications & Alerts Configurable alerts when exceptions arise or when specific thresholds are met. |
Automated notifications, reminders and alerts are core workflow features. | |
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Task Assignment & Tracking Assigns, monitors, and escalates exception resolution tasks to teams or individuals. |
Task assignment and progress tracking shown in workflow and exception dashboards. | |
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Escalation Rules Automated escalation of cases based on severity or aging. |
Escalation rules and automated routing are available in case management. | |
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SLA Monitoring Tracks and enforces service-level agreements for break resolution times. |
SLA tracking is described as part of exception management toolkit. | |
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Automated Exception Routing Directs exceptions to teams/users based on predefined criteria. |
Exception routing engines are referenced in workflow automation documentation. | |
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Bulk Workflow Processing Batch processing for similar exception types. |
Bulk/batch workflow processing supported for repetitive exception resolution. |
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Custom Data Fields Define new data fields and tracking elements without core code changes. |
Custom data fields and extensible data model are frequently cited as differentiators. | |
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Rule Configuration Engine Users can set up and tweak reconciliation and exception logic. |
Users can configure rules for reconciliation and exceptions via rule engine. | |
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Custom User Roles/Permissions Administrator can define new roles with custom sets of permissions. |
Custom user role and permissions configuration supported for administration. | |
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Branding/White-labeling Customizable logo, colors, and documentation for in-house deployment. |
No information available | |
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Dynamic Workflow Builder Visual workflow editor for developing and adjusting processes. |
No information available |
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24/7 Technical Support Round-the-clock access to product and technical support services. |
24/7 support options are advertised for enterprise clients. | |
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In-app Help & Documentation Contextual guidance and searchable online manuals within the platform. |
In-app contextual help and guided walkthroughs are included. | |
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Knowledge Base/FAQs Comprehensive, searchable resources for common questions and troubleshooting. |
Knowledge base and FAQ resources are available online. | |
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Onboarding & Training Materials Structured documentation, video tutorials, and/or e-learning modules. |
Onboarding and structured training materials offered as part of implementation. | |
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Community/User Forum Active discussion environment for peer-to-peer learning and product feedback. |
ReconArt has a customer community and discussion forum. | |
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Dedicated Account Manager Directly assigned account representative for ongoing relationship management. |
No information available |
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Transparent Pricing Structure Published, clear pricing tiers, including base and additional features. |
No information available | |
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Flexible Licensing Options Purchase by user, by entity, by transaction volume, or as a SaaS subscription. |
Various flexible licensing and deployment models available (user/entity/transaction/SaaS). | |
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No Hidden Fees All costs are clearly disclosed and predictable. |
No information available | |
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Trial or Proof-of-Concept Availability Demo or trial environments are available for pilot testing. |
Trial environments and proof-of-concept pilots available upon request. | |
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Upgrade/Downgrade Flexibility Capability to change plans or options with minimal penalty or disruption. |
Product plans can be upgraded or downgraded with flexible migration policies. |
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