CASE STUDY: Fund Administrator SITUATION A Fund Administrator approached Smonik about improving their investment operations reconciliation practices. Reconciliations were currently being performed, but they were sporadic and decentralized across a team of over 16 investment support professionals. The Administrator was looking to improve the collection of data from brokers/custodians, process the reconciliations more efficiently, institute standards for recon processing and the underlying data, and implement management reporting to monitor and control the process. CHALLENGE The requirement for this administrator was to implement a robust reconciliation and data management platform that would significantly streamline the data collection and reconciliation process; reducing

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