As the investment industry continues to grow and expand across various market segments, the need to automate and streamline the reconciliation process while controlling costs becomes even more critical. Reconciliation plays an important role in how investment managers, program sponsors and third-party providers manage their exposure to risk.

Exception data represents a financial risk, and an obstacle to timely reporting and account management. The functionality provided by Reconciliation Manager from Fiserv will eliminate these barriers and ease the exception management process.

Exception Report
Utilizing web technology, exception reports generated in APL^SM from Fiserv will automatically be transferred to the Reconciliation tool. Users can easily query exception data by applying predefined rules and filtering features, thus enabling them to concentrate efforts on viewing and resolving specific exceptions. The ability to resolve exceptions according to an organization’s best practice workflows can help increase productivity, prevent financial loss and reduce overall operational risk.

Data Consolidation
Reconciliation Manager is designed to consolidate reconciliation data for all relationships and custodians into one data repository, allowing the user to maximize efficiency in reconciliation. The user-friendly interface provides client administrators and users significantly more control over their own data, thus reducing the need for Client Services and programming requests. This tool increases reconciliation efficiency by enabling client administrators and users to:

• Access all data in one place
• Efficiently export data to Excel or PDF format
• Control access and report layout
• Create data filters
• Create and post adjustments back to APL

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