UK investment boutique London & Capital is implementing SunGard's STeP intelliMATCH software to automate and manage matching and reconciliation processes.
SunGard says its automated system will help London & Capital reduce operational and financial risk by reducing errors and processing inefficiencies and identifying exceptions early in the trade lifecycle.
The package provides real-time matching and reconciliation and integrated exception processing for all dealings between the fund and its multiple prime brokers.
Cliff Warner, COO, London & Capital, says: "Because we have relationships with multiple service providers, all of which present their data in different ways, we require a solution that is easy to integrate with our business model and highly flexible to accept data from our in-house systems, as well as from our service providers."
Tom King, president of SunGard's STeP business unit, says the flexibility of STeP intelliMATCH and its ease-of-use will help London & Capital improve operational efficiency and reduce risk by providing a "flexible system to accommodate new trading partners and new security types".