Building the business case for a reconciliation utility

This paper forms a plan of action, moving you towards a more holistic view of your reconciliation activities, aggregating the many reconciliation instances across your firm into a shared service or centre of excellence – a reconciliation utility. The concepts described in this paper apply to all firms that have a reasonable scale – certainly not just to those that are global – across all types of financial markets participants, including banks, investment banks, asset managers, custodians, asset servicers and even, in some cases, hedge funds. Apply this framework and give your firm the best chance to realising the benefits a reconciliation utility can bring. Keywords: value proposition assessment framework ROI financial markets banks Smartstream