Incoming regulatory initiatives are obliging institutions to perform greater numbers of reconciliations and are increasing the complexity of the data they must handle. Non-regulatory reconciliations are on the up, too, with firms carrying out more reconciliations between internal systems. To promote efficiency, reduce overheads and to better control risk, financial firms are seeking a single tool
to manage all reconciliations across the organisation.
Companies are keen to respond to regulatory change but without the need for time-consuming, expensive IT projects. In addition, they want a flexible system which gives business users greater independence, reducing reliance on overstretched delivery teams and keeping costs down. Firms must respond to these challenges while ensuring that operational overheads do not spiral out of control.