Investment Operations

Reconciliation Technology Vendor Review: The Buy-Side Edition

A new Aite Group report finds that governance, compliance, regulatory oversight, and business priorities have compelled buy-side firms to invest in reconciliation solutions or services.

The reconciliation technology vendor community servicing the buy-side has grown over the last decade or so, as the internal and external requirements for asset managers, hedge funds, and their service providers to reconcile data have increased. Aite Group’s latest report, Reconciliation Technology Vendor Review: The Buy-Side Edition, explores some of the key trends within the buy-side-focused reconciliation technology market, discusses the ways in which technology is evolving to address new market needs and challenges, and recognizes specific vendors for their strengths in critical areas.

“A common complaint of incumbent vendor solutions is that staff require a lot of training before these systems can be used,” states Virginie O’Shea, research director at Aite Group. “High staff turnover in the investment operations space can be exacerbated by poorly designed or complex UIs that require weeks of training before new recruits can be up and running,” she explains.

Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of 10 vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Broadridge, Duco, Electra, FIS, Gresham, Indus Valley Partners (IVP), SmartStream, Smonik, SS&C, and Viteos.