THIRD PARTY RECONCILIATION
The reconciliation module was designed to simplify and optimize reconciliation and validation processes for your institution with related third-party bodies as depositories and custodians. Offering tools for efficient organization and validation of vast amounts of third-party data. Effectively saving time on time-consuming manual tasks and eliminating error-prone "workarounds" as a result of a workflow- automated system. Offering improved service quality and maximized reconciliation rates.
Meet Custodians’ Requirements
Vestio’s system processes daily movements of securities, cash, contracts, and positions to ensure that the system is meeting custodian’s requirements.
Multi-currency, multi-asset class and multi-market support for any transaction using automatic trade transmission reconciliation between the back-office and custodians/brokers.
Vestio consolidates needed information from thousands of custodians, funds and specific connections for automatic reconciliation and posting.
With necessary data consolidated, preform trade settlements, deal confirmation, process transactions, and position reconciliations more efficiently.