Asset Arena Transfer Agency Cash Reconciliation
Reconciling cash between banks and the transfer agency system is a key business requirement. Large volumes of data pass through these environments. Ensuring the accurate receipt and disbursement of cash, and the validity of entries in the transfer agency system, is crucial to the integrity of your records. Delivered in a SaaS environment, Asset Arena Transfer Agency Cash Reconciliation automatically identifies matches and exceptions and helps the user resolve activity and balances, shortening investigation time and allowing staff to move on to other critical business functions.
Features
- Automates file acquisition from Banks and Transfer Agency systems
- Matches transactions based on pre-defined matching and tolerances
- Automates exception-based processing
- Extends standard reconciliation functionality
- Identifies exceptions automatically
- Tracks all activity in detailed audit trails
- Delivers comprehensive reports to users and management
- Hosted in SunGard’s Saas (Software as a Service) environment
Benefits
- Shortens investigation time
- Reduces errors inherent to manual processes
- Reduces risk exposure
- Increases regulatory preparedness
- Creates greater cost effectiveness
- Interoperates with third-party transfer agency systems
- Raises the reliability of the critical cash reconciliation process