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.
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