Elevating Reconciliation Efficiency | Gresham

See how one of the world's largest global alternative asset managers tackled its reconciliations problem:

Introduction

In the intricate landscape of modern trading, maintaining robust reconciliations and controls is paramount. This case study delves into the journey of a leading global alternative asset manager, where the Chief Technology Officer (CTO) and Head of Operations grappled with legacy reconciliation issues. Facing challenges in inter-system reconciliation and Net Asset Value (NAV) validation, the firm sought a solution to enhance trade matching rates and streamline reconciliation processes. Discover how the implementation of Clareti Transaction Control, an innovative platform from Gresham, revolutionized their approach and empowered them to navigate complexities with confidence.

The Challenge: Legacy Limitations and Complexities

1. Legacy Woes: The firm's legacy reconciliation platform fell short in managing the intricacies of modern trading. Issues in inter-system reconciliation and NAV validation were causing disruptions, leading to decreased trade matching rates and inefficiencies.
   
   
2. Deployment Dilemma: As the need for new reconciliations grew, the firm faced obstacles in deploying them. The process was not only costly but also time-consuming and overly complex, pushing the teams to build controls outside the existing system.

The Solution: Clareti Transaction Control's Empowerment

To overcome these challenges, the asset manager embraced Clareti Transaction Control's transformative capabilities, resulting in remarkable outcomes:

1. Seamless Implementation: Within a mere eight days, Clareti Transaction Control was integrated seamlessly. Gresham's hands-on training equipped the team to craft controls independently, ensuring a smooth implementation process.
   
   
2. Accelerated Deployment: The asset manager witnessed a significant reduction in the time and effort required to deploy new reconciliations. The streamlined process led to enhanced operational efficiency and cost savings.
   
   
3. Complexity Management: Clareti Transaction Control's ability to handle unstructured data with non-standard formatting proved crucial in handling the firm's varied financial products. This comprehensive approach ensured that complexities were managed effectively.
   
   
4. Confidence Boost: Side-by-side testing of new controls prior to business integration bolstered confidence. The firm could now rely on the accuracy and effectiveness of its reconciliation processes.

Benefits and Results

1. Enhanced Trade Matching: With Clareti Transaction Control in place, the firm observed a significant improvement in trade matching rates. The solution's precision led to greater accuracy and reduced discrepancies.
   
   
2. Efficiency Amplification: Deployment of new reconciliations became a swift and hassle-free process. The asset manager saved valuable time and resources, contributing to operational excellence.
   
   
3. All-in-One System: Clareti Transaction Control's comprehensive capabilities eliminated the need for controls to be built outside the system. This consolidated approach streamlined operations and bolstered productivity.
   
   
4. Operational Confidence: The CTO and Head of Operations now operate with enhanced confidence. They have a robust platform that can effectively manage complexities, empowering them to navigate the intricate trading landscape.

Conclusion

The asset management industry thrives on accuracy, efficiency, and confidence in operations. The case study of this global alternative asset manager exemplifies how the implementation of Clareti Transaction Control revolutionized reconciliation processes. By simplifying deployment, managing complexities, and enhancing accuracy, the firm redefined its approach to reconciliations. Through Clareti Transaction Control, the CTO and Head of Operations now operate in a world of efficiency, assured that they have a comprehensive solution to navigate the complexities of modern trading.

Uncover how Clareti Transaction Control by Gresham can elevate your reconciliation processes. Contact us today to embark on a journey towards operational excellence in the world of trading.