Large global insurance company gains substantial savings and shorter closing cycles with new, best-in-class SaaS reconciliation solution. Challenge The client was using an outdated, complex process for holdings and positions reconciliation, with data transformation tools that were difficult to maintain. Daily reconciliation had become cumbersome, frustrating and fraught with errors. Data from custodians was settlement datebased, while data from the investment accounting system was trade date-based. The result: too many exceptions taking too much time to investigate. Geographic expansion was further straining the process. New custodians in different countries were sending partial files (or no files at all) due to local bank holidays, creating thousands of reconciliation breaks, of

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