Investment management is all about buying and selling multiple securities from different brokers and banks. Yet, as the number of accounts, providers, and data formats grows, doing this process manually becomes unmanageable. That’s why we always recommend using the appropriate software for your trading reconciliation.
How To Speed Up Your Trading Reconciliation Process
Performing trading reconciliation manually can cost companies huge amounts of human-hours and money, particularly as the process requires you to source, input, analyse, and fix any errors in the data. This often leads to bottlenecks in your trading reconciliation and stalls productivity.
As we have seen in the past, many investment companies - particularly SMEs - look to automate this process in order to reduce the time spent on financial data processing automation.
The Benefits of Automating Your Trading Reconciliation Process
In today’s financial markets, traders have to work with multiple accounts and providers, meaning that they have to work with multiple data formats for reconciliation. Combining this with the fact that many companies manually input their data into Microsoft Excel results in a process that is both time-consuming and fraught with errors.
Automation can help you get ahead of all this by:
Saving You Time: Automation does things automatically and autonomously, so you don’t need to waste your employees’ precious time on such work.
Saving You Money: On top of saving you your employees’ hourly wages, this process reduces bottlenecks and errors, ensuring more plain sailing work and improved performance. You can read more on this in our Reduce Financial Data Inputting Costs Via Automation article.
Reducing Errors: Human beings working with lots of data are prone to making errors; software is not!
Improving Efficiency: Less time spent on the process and fewer errors lead to a more productive team with complete and accurate data to work on.
Help You Take Back Control: Keep tabs on how much your trading reconciliation process is costing you, use your employees’ time on more important tasks, and know exactly where you stand.
Our AUTOMAN Software Offers All This
AUTOMAN, our data processing tool, has been built with trading reconciliation in mind and helps you achieve all this through its customisable abilities that fit right into your current system.
This makes it extremely more powerful and flexible than off-the-shelf software of its kind, but also more affordable than completely customisable software. In other words, it’s perfect for SMEs.
So, what are you waiting for? Get in touch with us to discover how our software could help you save time and money, reduce errors, and take back control of your trading reconciliation!