Smonik RECON

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SMONIK RECON is a powerful enterprise wide solution that allows for Position/Cash/Trade and Generic Reconciliation and reconciles your various positions/cash/trades/Other transactions with either Client, Broker or 3rd Party data. Smonik Recon facilitates data processing in a systematic and consistent manner, and removes a funds reliance on error prone spreadsheets or manual data entry 

Key Features

  • Financial data retrieved through Files and Messages via SMONIK-DMS
  • Data transformations and normalization via SMONIK-ETL
  • Reconciliation and exception management
  • Facility to define pre-validation rules and selection criteria based on data input
  • Separate reporting for exception cases like, unmatched transactions, out of range criteria or transactions which failed data validation rules
  • Sophisticated exception handling including email alerts, case creation, seamless flow into period end reconciliations, and journal entries.
  • High volumes – Smonik’s matching engine easily handles tens of millions of transactions in each pass.
  • Flexible, rules-driven “match sets” to allow any type of matching, across other functional areas.
  • Provides as standard an Archive module that allows matched transactions, and all their associated exception and case management activities, to be transferred in a scheduled, automated fashion to the archive according to data retention and other compliance needs at whatever timetable you need.
  • Provides comprehensive reporting and analytics via pre-built reports that users often use and through user configurable reports.
  • Powerful ad-hoc reporting capabilities
  • Daily digest reports that require attention of users, managers, executives etc can be viewed on Home dashboard or optionally be delivered to users inbox via emails.
  • Other Benefits:
    • Provides critical control for compliance and financial reporting.
    • Replaces spreadsheet processes
    • Instant visibility into status and progress of reconciliations.
    • Easier Audits
    • Automation reduces labor and cost.

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Trading firms, Wealth Managers
Geographic Availability
Europe, North America
Asset Class Coverage
Bonds, Commodities & Energy, Equities, Exchange Traded Derivatives, Foreign Exchange (FX), Funds, Money Markets, Structured Products