Northern Trust upgrades fund admin tech for high reconciliations volumes in real-time

Northern Trust has launched the next iteration of its Rec Dashboard, a workflow tool that provides a comprehensive, real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. The enhanced tool aims to optimize the client experience, ease collaboration and enable scalability to meet rising demand for real-time transparency into the reconciliations process.

Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. To optimize communication and collaboration between the manager and fund administration teams as breaks are reconciled, Rec Dashboard provides Omnium users with data visualization capabilities and more direct views into reconciliations. The enhanced tool is available to asset managers globally who utilize the Omnium platform.

Jeff Boyd, chief executive officer of Northern Trust Hedge Fund Services, said in a statement that clients will benefit from “deeper insight into our processes, a more intuitive user experience, and heightened productivity for their own operations.”

Northern Trust Hedge Fund Services is a provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Its asset servicing solutions support a diverse range of asset classes and investment strategies, providing integrated middle-office capabilities from the point of trade capture through to investor statements around a single set of books and records.

Source

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