Since 2013, banks and brokers in Europe, the US and the Middle East have relied on EasyRec to analyse, transfer and reconcile their most critical data.
EasyRec was chosen as the official reconciliation solution for the upgrade, covering front office and risk control, back office payments, liquidity, market data, finance (3-way and accounting reconciliation), IT configuration management and non-regression testing. More than 60 million cash flows were reconciled in about 30 minutes on a single engine.
EasyRec was selected to validate the upgrade of the group’s Murex trading platform, comparing the current and upgraded versions cycle after cycle so that every difference is identified and explained before sign-off.
For the upgrade of its trading platform, delivered as SaaS, the group selected EasyRec to reconcile the diverse datasets and formats extracted from the platform.
A major New York broker migrated its trading platform from another vendor to Murex, reconciling P&L, static data and trades across all products, payments, nostro and cash flows, with mappings to bridge the naming conventions of both systems and date tolerances for differing holiday calendars.
With the platform hosted in the cloud by its vendor and no direct database access, all reconciliation ran on reports and extracts: Excel, flat files and XML, with complex transformations such as reverse-pivoting Excel data through the Java plugin API.
Reconciliation of static data, historical data, market data, simple and package trades, and P&L, including end-of-year, cash and past cash adjustments.
All teams used EasyRec to compare environments: configuration management, version control, data reconciliation and synchronisation with the golden database.
Reconciliation of static data, market data, trade attributes, cash flows, P&L and sensitivities for risk, regulatory, migration and support teams.
“EasyRec was selected as the strategic solution for the Bank, providing control, reliability and increasing quality of deliverables.”
We will gladly walk you through how comparable institutions used EasyRec.