Fund Recs introduced that CACEIS Financial institution, Eire Department (CACEIS), has chosen Fund Recs so as “to introduce additional automation to the efficiency of Place Reconciliations and Day by day Money Stream Monitoring.”
The rollout of Fund Recs’ Money Stream Monitoring Module “inside CACEIS has additional automated the each day oversight of money transactions within the financial institution accounts of its UCITS and AIF shoppers.”
This creates “additional efficiencies inside a key exercise for Depositaries.”
Fund Recs’ Place Reconciliations Module “helps international fund directors, funding managers, depositaries and auditors to realize ‘straight by way of’ reconciliations.”
CACEIS has “applied the Place Reconciliations Module to additional help automation all through the reconciliation course of, finally growing effectivity and optimising shopper deliverables.”
Alan Meaney, CEO of Fund Recs, mentioned:
“We’re excited to be working with a number one Asset Servicing supplier like CACEIS to help with guaranteeing that additional automation of guide oversight duties is met with ease. CACEIS groups utilizing the software program can now give attention to what they do greatest: delivering an amazing service to present and potential shoppers. That is one other nice vote of confidence in our award-winning software program as we stay centered on delivering efficiencies and improved shopper expertise by way of automation inside the monetary companies trade.”
Isabelle Porte, Managing Director CACEIS Financial institution, Eire Department mentioned:
“The implementation of the Fund Recs Money Stream Monitoring and Place Reconciliation Modules will finally improve effectivity by eliminating guide processes, lowering the danger of errors, and elevating the automation fee all through our reconciliation course of. We’re excited to discover further alternatives their software program has to supply as we proceed to develop and increase our service providing.”
As famous within the replace, CACEIS is “the asset servicing and banking group of Crédit Agricole and Santander devoted to asset managers, insurance coverage corporations, pension funds, banks, non-public fairness and actual property funds, brokers and company shoppers.”
On the finish of 2021, CACEIS reportedly “had $5.2 trillion in property below custody. CACEIS is a worldwide chief in Asset Servicing, the no. 1 administrator and the second largest depositary financial institution of European funds.”
With a powerful presence “in Europe, in addition to North America, Latin America and Asia, CACEIS employs 4,665 workers members in 15 nations.”
