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Integrated reconciliation within investment management platform, automated position and transaction reconciliation, exception-based processing, multi-asset class support, and compliance with pension fund regulations and reporting requirements.
Automated solutions that reconcile investment transactions, custodian records, and internal accounting systems to ensure data accuracy and identify discrepancies requiring resolution.
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Multi-source Data Integration Supports importing and exporting data from multiple external and internal sources (custodians, investment systems, general ledgers, etc.). |
SimCorp Dimension offers data feeds from multiple custodians, investment systems, and internal sources and can export in several directions. | |
API Support Offers robust APIs for real-time or scheduled automated data exchange. |
SimCorp Dimension exposes APIs for integration and supports real-time and automated data flow according to their integration documentation. | |
File Format Compatibility Ability to process diverse data/file formats (CSV, XLS, XML, SWIFT messages, etc.). |
SimCorp lists support for CSV, XLS, XML, SWIFT, and other standard formats. | |
Batch Processing Can process large data sets in batch jobs for efficiency. |
Supports bulk and scheduled data loads; batch processing is part of automated workflows. | |
Custom Connectors Supports building and maintaining tailored integrations for bespoke sources. |
Supports building custom adapters and connectors for local or bespoke data sources. | |
Real-Time Data Sync Provides immediate data synchronization between connected platforms. |
Advertises real-time synchronization capabilities for connected systems. | |
SFTP/Data Transfer Automation Automates secure file transfer protocol (SFTP) for exchanging files frequently. |
Supports secure automated file transfer via SFTP per product documentation. | |
Change Data Capture Captures incremental changes rather than just full file imports. |
Provides incremental/changed data import capabilities to optimize workflows. | |
System Scalability Handles increased transaction volume and source/system growth without performance degradation. |
Scales to large volumes for global investment firms and pension funds; marketing notes scalability. | |
Data Normalization Tools Standardizes data formats and structures during import to ensure consistency. |
Performs standardization and normalization on import to ensure data consistency. | |
Integration Speed Average time required to import, process and integrate a typical data file. |
No information available | |
Concurrent Integration Jobs Number of integration jobs that can be processed simultaneously. |
No information available |
Automated Transaction Matching Automatically matches transactions between systems based on pre-defined rules and logic. |
Automated matching of large volume position and transaction data is a core feature. | |
Configurable Matching Rules Enables administration of customized matching algorithms (static, fuzzy, rule-based, etc.). |
Supports admin-defined matching rules, including fuzzy and static logic. | |
Tolerance Settings Allows users to define acceptable thresholds for value/date discrepancies. |
Users can set value/date tolerances for recon breaks, noted in workflow settings. | |
Exception Handling Workflow Automates the creation and routing of exception queues for unmatched or breaks. |
Features automated exception workflows with queue routing and resolution tracking. | |
Bulk Action Capabilities Permits mass processing or clearing of reconciliation items. |
Can process and clear multiple breaks in bulk via UI and automation scripting. | |
Real-Time Matching Performs reconciliation as data arrives without waiting for end-of-day cycles. |
Supports real-time and intraday matching as data is imported. | |
Manual Override Options Allows users to manually resolve mismatches if automatic logic is insufficient. |
Manual override to resolve specific matched items is standard in SimCorp workflows. | |
Reconciliation Speed Time required to complete reconciliation of standard daily transactions. |
No information available | |
Reconciliation Capacity Number of transactions/systems reconciled per day. |
No information available | |
Historical Data Matching Permits matching and reconciliation for back-dated or historical records. |
Supports matching for historical transactions and back-dated reconciliation. | |
Pre-set Reconciliation Templates Provides out-of-the-box templates for standard reconciliation types (cash, position, trade, etc.). |
Provides templates for cash, position, and trade reconciliation. |
Data Validation Rules Verifies imported data against business and regulatory rules for completeness and accuracy. |
Runs validation checks on incoming data as part of import and recon process. | |
Missing/Invalid Data Alerts Automated notification for missing, incomplete, or erroneous data. |
Notification features for missing, incomplete, or erroneous data are included. | |
Duplicate Entry Detection Identifies duplicate records to prevent erroneous matched or reported outcomes. |
Performs duplicate detection on upload to avoid erroneous matches. | |
Data Consistency Checks Compares key data fields for uniformity across sources and time periods. |
Consistency checks across source files are standard validation routines. | |
Custom Data Validation Scripts Allows creation and deployment of custom scripts to validate data integrity. |
Scripting and rules-based engines allow administrators to define custom validation logic. | |
Automated Data Cleansing Corrects or flags anomalous values and standardizes entries automatically. |
Automated cleansing routines to fix or flag outliers are included. | |
Data Audit Trail Maintains a record of all data imports, changes, and reconciliation actions taken. |
Comprehensive audit trail of data imports and reconciliation actions kept in system. | |
Validation Failure Rate Proportion of imported records that fail validation checks. |
No information available |
Centralized Exception Dashboard Provides a unified view of all current and historical breaks and exceptions. |
Features centralized exception dashboards (breaks, exceptions) for users/teams. | |
Automated Exception Routing Directs new exceptions to designated teams or individuals based on type/severity. |
Automated assignment/routing of exceptions to relevant staff per rule or urgency. | |
Exception Categorization Tags and sorts exceptions by root cause, status, age, or importance. |
Exceptions are categorized and tracked by cause, type, and age. | |
Workflow Automation Automates repeatable resolution or escalation steps for exceptions. |
Automated workflows for exception resolution and escalation. | |
SLA Monitoring Tracks time-to-resolution against service level agreements for exception handling. |
Tracks SLA and exception resolution times as part of workflow statistics. | |
Exception Aging Analysis Monitors the period exceptions remain unresolved. |
Can report on age of open exceptions and trends in exception duration. | |
Automated Notifications System sends email or in-app notifications for outstanding or urgent breaks. |
Notifications for open/urgent breaks are available via email or online. | |
Resolution Comments/Documentation Allows users to append notes or attach documents supporting exception closure. |
Allows for comments and documentation to be appended to exception records. | |
Number of Exceptions Resolved per Day Volume of exceptions closed on a typical business day. |
No information available |
Complete Audit Trail Tracks every action and modification along with user, timestamp, and before/after values. |
Tracks all audit steps including field-level changes, user, time, and before/after. | |
Role-based Access Controls Granular user permissions for viewing, editing, or approving reconciliations. |
Granular user roles and access configurations available in user administration. | |
Regulatory Reporting Tools Creates and exports records meeting pension fund and financial regulatory requirements. |
Supports regulatory and management reporting, including pension fund regulations. | |
Change Log Exports Permits export of audit activity logs for external review. |
Audit log export can be enabled for compliance review/auditing. | |
User Authentication Standards Supports multi-factor authentication, SSO, and password policies. |
Supports multifactor authentication, SSO integrations, and password controls. | |
Segregation of Duties Configurations Ensures that critical steps have independent checks and user segregation. |
Workflow and user permissioning supports segregation of duties and four-eyes checks. | |
Automated Control Checks Monitors and enforces control requirements throughout reconciliation process. |
Implements control checks at key process stages; audit and compliance focus. | |
Audit Trail Retention Number of years audit logs are retained in the system. |
No information available |
Encryption at Rest and in Transit Applies industry-standard encryption to all stored and transmitted data. |
Encryption at rest and in transit, using industry standards (per SimCorp security documentation). | |
User Access Logging Monitors and records all user access events. |
Tracks and logs all user access and modifications. | |
Data Masking/Redaction Masks sensitive fields for unauthorized users or during exports. |
Supports masking and redacting sensitive data for non-privileged users. | |
GDPR/CCPA Compliance Support Provides features needed for compliance with key data protection legislations. |
Supports GDPR and CCPA compliance with configurable data privacy features. | |
Penetration Testing and Vulnerability Management Performs routine external/internal security assessments. |
Regular vulnerability assessments and penetration testing, per security reports. | |
Granular Permissions Allows detailed control over what information each user or group can access. |
Granular, user/group permissions management is available in system admin. |
Standard Reconciliation Reports Pre-defined reports for daily, monthly, and exception reconciliation activity. |
Offers pre-defined reconciliation reports for standard uses. | |
Custom Report Builder Allows users to create tailored reports using filters/criteria. |
Enables custom report building through a report designer module. | |
Dashboard Visualizations Provides real-time charts and graphs for reconciliation status, exceptions, and trends. |
Dashboards with visualization of status, exceptions, activity, and volumes are standard. | |
KPI Monitoring Tracks and reports on key performance indicators. |
Monitors and displays KPIs for reconciliation operations. | |
Scheduled Reports Automates generation and distribution of periodic reports. |
Can schedule automated report generation and distribution. | |
Export Options Exports data/reports to common file formats (PDF, XLS, CSV). |
Exports reports/data to Excel, PDF, CSV formats. | |
Data Drill-down Allows users to click through from summary to transaction-level detail in reports. |
Permits drill-down from dashboards and summary reports to underlying transactions. | |
Report Generation Speed Typical time to generate large reports. |
No information available |
Intuitive User Interface Designed for quick adoption and minimal training requirements. |
Modern UI designed for finance operations with emphasis on usability. | |
Role-specific Dashboards Presents relevant data and actions based on user responsibilities. |
User dashboards are personalized according to role/permissions. | |
Accessibility Compliance Supports WCAG or local accessibility regulations for users with disabilities. |
No information available | |
Localization/Language Support Interface is available in multiple languages. |
No information available | |
Mobile Access Accessible from mobile devices (responsive web or native app). |
No information available | |
Self-Service Configuration Users can configure UI elements (dashboards/layouts) without IT help. |
UI configuration and layout are manageable by end-users without IT intervention. | |
Quick Search and Filter Features Powerful tools for rapid access to specific transactions or exceptions. |
Quick search and filtering tools are available in the reconciliation and investigation UIs. |
Cloud and On-premises Options Available as SaaS/cloud or on-premises deployment. |
SimCorp Dimension can be deployed both in-cloud (SaaS) and on-premises. | |
Automated Upgrades System automatically updates to latest version with minimal downtime. |
Automated updates and patching handled via managed services or SaaS offering. | |
Disaster Recovery Capability Built-in features for business continuity and quick recovery after failures. |
Includes disaster recovery and high-availability features for business continuity. | |
Scheduled Maintenance Windows Defined maintenance periods with minimal business disruption. |
No information available | |
User Support Portal Access to documentation, ticket submission, and system health checks. |
Support portal with documentation, issue/ticket tracking, and health dashboards is available. | |
Dedicated Customer Support Direct access to product support specialists. |
Dedicated customer support provided as part of SimCorp’s managed services. | |
Implementation Timeline Average weeks required for initial implementation. |
No information available |
Concurrent User Support Maximum number of active users supported simultaneously. |
No information available | |
Transaction Throughput Maximum number of transactions that can be processed per minute/hour. |
No information available | |
Peak Load Handling System capability to maintain performance under peak loads. |
Used by large global clients and designed for high-volume, peak load reconciliation. | |
Geographic Distribution Support for users and operations in multiple regions with low latency. |
Supports multi-regional deployment for global businesses; data centers in multiple regions. |
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