Wealth Management – Custodian Reconciliation

This case study examines how an Australian financial services company with 500,000+ customers and a market cap of $3.3 billion used SolveXia’s automated solution to solve its custodian reconciliation problem.

Client: Australian financial services company with 500,000+ customers and a market cap of $3.3 billion.

Problem: Time consuming task to manually reconcile data from their custodian to their general ledger.

Solution: Automated reconciliation that runs in 7 minutes instead of 2 days.

Key metrics:

  • Process is completed 100x faster.
  • Reconciliation of over 80 portfolios.
  • Solution reconciliations 40+ accounts in each portfolio.
  • Automated solution deployed in 3 weeks.

Download the case study

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