Dublin, 11th September 2018 - Fund Recs today announced that DDH Graham Limited have been live with its cash and position reconciliation modules since early July 2018. DDH offers tailored and flexible funds management and administration solutions to the financial services sector and are the first Australian based client of Fund Recs.
Fund Recs Cash & Position Rec modules, part of the Velocity platform, ensures all open positions & cash balances held are auto reconciled back to the custodian/broker. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.
Alan Meaney, CEO of Fund Recs, said: "We are delighted to announce the Fund Recs platform has been rolled out at DDH Graham. Combining our technology with the expertise of the DDH team creates enormous value for both current and prospective clients of DDH Graham. We look forward to working with our first Australian client and ensuring their rec process is as seamless as possible.”
Gavin Blake, Director Fund Services at DDH Graham, said "The Fund Recs platform takes away the mundane, manual process of reconciling our own data to broker and custodian data. We just generate the files and then Fund Recs does its work. We can view each day’s reconciliation at Fund level, Asset/Category level down to Security level. Breaks in reconciliation are very visible so it allows our staff to take action quickly to investigate variances. The implementation process was a refreshingly good experience and we look forward to further expanding our use of the platform."
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.
About DDH Graham
DDH Graham Limited (DDH) is Brisbane based funds management and administration organisation founded in 1981, offering tailored and flexible funds management and administration solutions to the financial services sector. DDH is proud of its strong business history and reputation gained over 30 years of serving their valued clients, along with its strong relationships with some of Australia’s largest financial institutions including Bank of Queensland, Westpac and QIC. DDH currently administers over A$11billion for clients across money market, managed fund, superannuation and mandate products. DDH is an unlisted public company owned and is the holder of an Australian Financial Services Licence (226319).
For more information, please visit: www.ddhgraham.com.au