Watson Wheatley Financial Systems has successfully implemented its iRecs reconciliation system at London-based BennBridge, part of the Bennelong Funds Management Group.
The deployment of iRecs covers daily reconciliation of positions, trades, balances and cash flows as well as P&L, NAV and DTCC reconciliations. The suite allows BennBridge to achieve a high level of automation and control while providing a scalable platform for future growth.
Tom Wheatley (pictured), COO, Watson Wheatley, says: “We have really enjoyed working with BennBridge on this project and are pleased to be able to welcome them as another new client using our hosted iRecs reconciliation system. The project requirements were relatively complex but the configurable nature of the system and our ability to turn around new reconciliations quickly were key in rolling out the application to the operations team.”
Ben Battye, Head of Operations, BennBridge, says: “Following a thorough market review and due diligence process, it was clear Watson Wheatley would be able to fully meet our multi-boutique, multi-strategy reconciliation requirements. Tom and his team excelled in their delivery of a bespoke, tailored solution for BennBridge that has further enhanced our operational infrastructure and control environment. This has in turn allowed our Operations team to harness efficiencies and take significant steps towards the future goal of full reconciliation automation.”