Client story Asset management
Ebix Solution implemented — MoneyWare Fund Management
When the investment decision no longer waits for reconciliation
An asset manager connected its front, middle and back offices and automated a recurring reconciliation task.
Anonymized historical MoneyWare case study published in 2016. Projected multi-year savings in the original are not presented here as realized results.
The decision was only the beginning
An asset manager wanted to improve the flow of information between investment, operations and reporting teams. Separate systems made coordination harder and reporting depended on bringing information together. The firm implemented MoneyWare Fund Management as a common operating platform.
What became connected
The historical case reports a three-month implementation. Front, middle and back-office activities were brought into one system, with shared information and reporting. Equity trades that had previously been reconciled manually against straight-through processing files were reconciled automatically after the files were uploaded at the end of the day.
Reporting could be scheduled for different stakeholders, and the platform supported multiple portfolios, asset classes and currencies. The source describes time savings and improved operational efficiency. It also includes forecasts of future cost savings; those forecasts are not evidence of money already saved.
Why reconciliation deserves attention
Reconciliation is easy to treat as a back-office detail until an unresolved difference affects a report or a decision. A trade can be correct in one system and still require work to match its representation elsewhere. People then spend time establishing which record to trust.
Automating a repeatable match gives the operations team a different task: investigating the items that do not match. The quality of that exception process matters. Someone must own the break, understand the reason and confirm that the correction reaches the relevant records.
A practical evaluation
Take a typical market day and separate clean transactions from exceptions. Count the manual checks, late adjustments and reports held back while information is reconciled. Then compare a proposed workflow using the same transaction mix.
A reporting improvement should be assessed alongside its controls. Earlier delivery is useful when readers also know the period covered, the data status and any unresolved items. This implementation is a useful example of connecting the work around an investment decision, rather than judging the platform only by its trading features.
The operating chain matters as much as the portfolio screen.