New Peak Capital Partners Selects Watson Wheatley i-Recs to Automate Derivatives Reconciliation

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10 June 2015
London, United Kingdom

Watson Wheatley Financial Systems (WWFS) can announce the implementation of its i-Recs reconciliation and data aggregation solution at London based New Peak Capital Partners. The recently released Total Equity for Derivatives Reconciliation module allows full automated control over all aspects of trade and cash reconciliation on margin accounts. Full implementation of the system was completed with only 12 days of consultancy from Watson Wheatley.

“Our Total Equity solution is unique and again sets i-Recs apart from our competitors” commented Director Duncan Wheatley. “This solution is a ‘must-have’ for firms who want to automate a best in class reconciliation system that is able to tie out all cash and derivative positions to the penny.  We regularly talk to funds who have a hold on their trade and position reconciliation but cannot track the cash flows on margin accounts. Total Equity reconciliation solves this at an affordable level with no up-front license costs”.

“We chose i-Recs as it’s an affordable reconciliation system built by operations guys with 1st hand experience of the issues faced and not a system built by tech guys with no operations experience. Having used i-Recs at my last company it was an easy choice“ commented New Peak Head of Operations George Rivers.

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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 i-Recs and Importer. i-Recs is an extremely versatile and powerful reconciliation solution, used worldwide by clients with over $115bn in assets under administration. i-Recs has been selected as the ‘Best Reconciliation and Data Aggregation Software – UK’ at the 2015 Hedge Fund Awards and named as a finalist in the 2015 Fintech Innovation Awards.

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