
OSMO Partners Implements iRecs Reconciliation from Watson Wheatley
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
Watson Wheatley, specialists in securities reconciliation software, today announced an agreement with OSMO Partners, respected providers of outsourced front, middle and back office services. The iRecs system will be deployed by OSMO Partners to bring a best practice reconciliation approach and a highly automated process to their growing client base.
iRecs will be used to provide daily trades, positions, cash and balance reconciliation along with NAV, balance sheet and EMIR/DTCC reconciliations. Daily, monthly and ad-hoc reporting from iRecs will also be used to streamline operational processes and keep a tight audit trail on any breaks or issues raised.
Richard Harris, COO, OSMO Partners:
“OSMO spent significant time reviewing the various market offerings within the automated reconciliations space. Following a full due diligence process and a number of recommendations we selected Watson Wheatley to provide us a proof of concept to ensure the system could support our diverse range of clients and strategies. We were impressed by iRecs’ ability to automate complex reconciliations in a robust and controlled manner. The Watson Wheatley team have ensured the on boarding has been efficient and streamlined. iRecs is already delivering us numerous benefits and is allowing us to continue to scale the business to support our client’s needs”
Tom Wheatley, COO, Watson Wheatley:
“OSMO Partners are well respected in the asset management outsourcing space and we are looking forward to rolling out iRecs with them. We believe the best practice approach, highly automated reconciliation model and rapid deployment made iRecs an attractive proposition.”
“We conducted a proof of concept during the sales process which allowed OSMO to be comfortable with our offering and for Watson Wheatley to understand as much as possible about its intended use across a variety of instrument classes. We believe these small projects are extremely useful in advance of signing contracts to make sure there are no surprises later on.”
ABOUT WATSON WHEATLEY FINANCIAL SYSTEMS
Watson Wheatley Financial Systems is a reconciliation system vendor with worldwide clients including hedge funds, long-only asset managers and commodities traders. Its principal products are iRecs, Importer and ‘Reconciliation as a Service’. iRecs is an extremely versatile and powerful reconciliation solution, used worldwide by clients with over $206bn in assets under administration.
For further information please visit: http://www.watsonwheatley.com/
ABOUT OSMO PARTNERS
OSMO Partners provide outsourced Front, Middle and Back Office services to Investment Management firms, covering the complete lifecycle of a trade from execution through to settlement. Our team of partners utilise their extensive experience gained within the buy-side to implement solutions that are cost effective and minimise operational risk for our clients.
For further information please visit: http://www.osmopartners.com/