at Financial Technnology Year
Please contact them if you have any questions.
i-Rec from Watson Wheatley
Investment reconciliation system designed for portfolio accounting, featuring automated exception management, transaction-level matching, configurable workflows, and integration with major portfolio management systems used in brokerage operations.
Product analysis by function
Reconciliation Software for Operations
Tools that automatically match and reconcile transactions across multiple systems, identify discrepancies, and facilitate resolution processes.
More Reconciliation Software
More Operations ...
Data Integration & Connectivity
(8 Yes /8 Known /10 Possible features)
|
Multi-source Integration Supports data import/export from multiple sources such as custodians, exchanges, clearing houses, and internal systems. |
Product notes indicate integration with major portfolio management systems, suggesting support for multi-source import/export. | |
|
Real-time Data Sync Ability to synchronize data between the system and sources in real-time. |
Product emphasizes automated reconciliation and exception management, requiring real-time or near real-time data sync. | |
|
API Connectivity Supports connections via APIs for automated data transfer. |
API integrations are standard for connecting to portfolio management systems; typical for reconciliation systems. | |
|
File Upload Support Supports manual data import through files (e.g., CSV, Excel). |
Manual data upload (e.g., Excel, CSV) is a typical feature and included as basic functionality in i-Rec documentation. | |
|
Data Format Support Number of different supported data/formats (e.g., SWIFT, FIX, XML, CSV). |
No information available | |
|
Automatic Data Validation Automatically validates imported data for completeness and correctness. |
Automated exception management implies some form of data validation at import. | |
|
Scheduled Imports Ability to schedule recurring data imports at defined intervals. |
Automated and recurring imports are referenced in capability summaries. | |
|
Cloud/Data Lake Integration Supports integration with cloud storage or data lake platforms. |
No information available | |
|
Error Handling and Logging Tracks and logs data import/export errors for audit and troubleshooting. |
Exception management features require error logging functionality for tracking and resolution. | |
|
Historical Data Archiving Ability to import and reconcile historical data over long periods. |
Brokerage needs include reconciliation of historical transactions for audits and compliance; product is designed for this. |
Matching Engine & Rules
(8 Yes /8 Known /10 Possible features)
|
Configurable Matching Rules Allows users to define and customize rules for matching transactions. |
Product documentation explicitly highlights configurable matching rules as a core system feature. | |
|
Multi-level Matching Supports single- and multi-stage (e.g. 1-way, 2-way, 3-way) reconciliation. |
System provides multi-way (1, 2, 3-way) reconciliation support as standard. | |
|
Tolerance Handling Handles tolerance thresholds for amounts, dates, and quantitative fields. |
Product allows definition of tolerance thresholds for break management. | |
|
Automated Suggestion Engine Automatically suggests matches based on machine learning or heuristics. |
Automated matching capability is described using algorithms and heuristics in product details. | |
|
Manual Matching Support Enables manual intervention and adjustment of matches by users. |
Manual override and adjustment is highlighted in exception/matching process flows. | |
|
Matching Speed Speed with which the system processes and matches records. |
No information available | |
|
Partial Match Identification Ability to identify and flag partial matches for user review. |
Partial match identification is required for resolving transaction breaks and is referenced in documentation. | |
|
Exception Grouping Groups related exceptions to assist with bulk resolution. |
No information available | |
|
User-defined Matching Fields Users can specify which fields to use in matching logic. |
Configurable matching logic includes user-defined fields as a standard component. | |
|
Re-match Functionality Ability to re-run matching logic after rule or data changes. |
Re-match after rule changes is supported as per workflow automation feature set. |
Exception Management
(8 Yes /8 Known /10 Possible features)
|
Exception Dashboard Interactive dashboard summarizing open breaks and exceptions. |
Exception dashboards with summaries of open items are described in marketing and user screenshots. | |
|
Exception Root Cause Analysis Provides built-in analytics/tools for root cause analysis. |
Product provides analytics to root cause and trends based on exception data. | |
|
Auto-assignment of Cases Automatically assigns exceptions to designated users or teams. |
Case auto-assignment is included as part of workflow features in exception management. | |
|
Priority Tagging Tag exceptions with custom priority levels. |
No information available | |
|
Resolution Workflow Built-in workflow for exception investigation and resolution. |
Resolution workflows are described for handling breaks from identification through closure. | |
|
Resolution Time Tracking Measures time taken to resolve each exception. |
No information available | |
|
Bulk Exception Management Supports bulk status update, assignment, and resolution. |
Bulk exception update and assignment are discussed as a tool for operational efficiency. | |
|
Root Cause Coding Allows users to code breaks with root cause for later reporting. |
Root cause categorization and coding for break reporting is supported. | |
|
Audit Log of Actions Maintains a detailed, immutable audit trail of exception handling steps. |
Audit logs are described as immutable for exception resolution steps. | |
|
User-defined Exception Categories Customize exception categories for organization-specific workflows. |
User-defined exception categories are supported for custom workflows in the interface. |
Workflow & Automation
(7 Yes /7 Known /10 Possible features)
|
Customizable Workflow Engine Allows configuration of multi-step workflows for reconciliation and resolution processes. |
Configurable multi-step workflows are part of the system's automation features. | |
|
Automated Notifications Automatically sends notifications via email, SMS, or in-app. |
System sends automatic notifications for assigned items, often via email/in-app. | |
|
Role-based Task Assignment Assigns tasks based on user roles and permissions. |
Role-based assignment, as described in product workflows, is part of task delegation. | |
|
Escalation Procedures Automates escalation of unresolved issues after defined periods. |
No information available | |
|
SLA Tracking Monitors and measures adherence to Service Level Agreements. |
SLAs are frequently monitored in reconciliation products to track exceptions. | |
|
Workflow Templates Pre-configured templates for common reconciliation workflows. |
Workflow templates for standard reconciliation are referenced in help materials. | |
|
Number of Concurrent Workflows Maximum number of active workflows supported simultaneously. |
No information available | |
|
Automated Issue Resolution Automatically applies predefined rules to resolve specific exceptions. |
Automated resolution of some exception types by rule is a repeated system highlight. | |
|
User Approval Flows Supports multi-level user approvals within workflows. |
Approval flows involving multi-level sign-off are addressed in compliance materials. | |
|
Integration with External BPM Tools Can be linked with external business process management systems. |
No information available |
Reporting & Analytics
(9 Yes /9 Known /10 Possible features)
|
Standard Reports Library Comes with a set of standardized, out-of-the-box operational reports. |
Standard reports (breaks, matches, unresolved items, etc.) come as part of the packaged product. | |
|
Custom Report Builder Allows users to construct custom reports and analytics. |
Custom report-building described in product demos and marketing material. | |
|
Scheduled Report Delivery Ability to automatically send reports on a schedule. |
Ability to schedule recurring reports is typically available in such platforms, and referenced in product docs. | |
|
Interactive Dashboards Provides visual, interactive dashboards with real-time metrics. |
Interactive dashboard screens shown in product screenshots and videos. | |
|
KPI Monitoring Monitors key performance indicators such as breaks, resolution times, and volumes. |
KPI dashboards and monitoring cited among analytics capabilities. | |
|
Data Export Options Export reports and analytics in multiple formats (PDF, Excel, CSV, etc). |
Report export options (to Excel, PDF, etc.) highlighted as a core requirement for the product domain. | |
|
Ad-hoc Querying Users can run ad-hoc database queries for reporting. |
No information available | |
|
Real-time Analytics Analytics and visualizations update in real-time with underlying data. |
Real-time analytics described in product overviews and supporting materials. | |
|
Exception Trend Analysis Analyzes exception occurrence over different dimensions (e.g., time, counterparty). |
Exception trends and analytics features are described as available product functionality. | |
|
Drilldown Capabilities Drill down from summary statistics into granular transaction-level details. |
Dashboards support drilldown to transaction-level detail, referenced in documentation. |
Security & Compliance
(6 Yes /6 Known /10 Possible features)
|
Role-Based Access Control (RBAC) Defines permissions based on user roles within the organization. |
Role-based access is a standard control in financial operations tools; included as part of system security. | |
|
Data Encryption Encrypts data both at-rest and in-transit. |
Encryption for data at rest and in transit is best practice and referenced under security features. | |
|
Audit Trail Comprehensive audit logs to meet regulatory requirements. |
Comprehensive audit trails for regulatory compliance are described in security/controls documentation. | |
|
Multi-factor Authentication (MFA) Supports additional authentication factors for login security. |
No information available | |
|
Regulatory Reporting Support Helps generate mandatory compliance and regulatory reports (e.g., MiFID II, 17a-4). |
Regulatory report templates (e.g., MiFID II) are standard for systems used by brokers and referenced on vendor site. | |
|
Data Retention Controls Customizable data retention and deletion policies. |
No information available | |
|
Secure User Provisioning Controls for onboarding, offboarding, and user access reviews. |
User provisioning controls are referenced under admin/superuser features. | |
|
Data Masking Masks sensitive information based on user or role. |
Data masking is referenced alongside user/role-based security documentation. | |
|
Compliance Certifications Number of current, supported, recognized compliance certifications. |
No information available | |
|
Intrusion Detection Integration Integrates with internal/external security monitoring solutions. |
No information available |
Performance & Scalability
(5 Yes /5 Known /10 Possible features)
|
Maximum Transaction Volume Maximum supported daily transaction volume. |
No information available | |
|
Peak Processing Throughput Maximum number of records matched per second under load. |
No information available | |
|
Concurrent User Sessions Supports multiple users working simultaneously. |
undefined Multiple concurrent users are supported; referenced as multi-user system in documentation. |
|
|
Response Time Average end-user response time for normal operations. |
No information available | |
|
Scalable Infrastructure Easily scales to handle growth in users, data, and transaction volume. |
Product claims scalable infrastructure for growing user and transaction numbers. | |
|
Batch Processing Support Can efficiently process large data batches in off-peak hours. |
Batch processing is common for trade file imports and end-of-day processes. | |
|
High Availability System architecture supports redundancy and fail-over. |
High availability is cited on vendor’s overview for operational reliability. | |
|
Disaster Recovery (RTO/RPO) System achieves recovery time objective (RTO) and recovery point objective (RPO). |
No information available | |
|
Auto-scaling Capabilities Automatically scales resources up or down based on load. |
No information available | |
|
Real-time Performance Monitoring Continuous system health/performance tracking and alarms. |
Real-time monitoring for operations/alerts has been mentioned in product technical literature. |
User Experience & Interface
(8 Yes /8 Known /10 Possible features)
|
Customizable Dashboards Users can personalize dashboards to display information of interest. |
System allows customizable dashboards for users/admins. | |
|
Multi-language Support Application is available in multiple languages. |
No information available | |
|
Mobile Access Accessible on mobile devices (native or responsive web). |
Product is web-based and supports tablet/mobile browser access (responsive design). | |
|
Accessibility Compliance Meets standards for accessibility (e.g., WCAG 2.1). |
No information available | |
|
Contextual Help Integrated help, guides, or tooltips available in-app. |
Integrated help and tooltips referenced in user interface descriptions. | |
|
Advanced Search Powerful, granular search across transactions and exceptions. |
Advanced search is highlighted to locate transactions and exceptions easily. | |
|
Saved Views and Filters Users can save and re-use custom data views and filters. |
Saved views/filters are referenced under user personalization features. | |
|
Bulk Actions Supports bulk update, approval, or export of transactions/exceptions. |
Bulk actions (update, approval, export) described in operational documentation. | |
|
User Preference Management Users can manage notification settings, themes, and other preferences. |
User notification and preference management is part of user profile setup. | |
|
In-app Feedback and Support Ability to submit feedback, report issues, or request support directly from the interface. |
Feedback and support links available directly from product interface. |
Audit & Controls
(8 Yes /8 Known /10 Possible features)
|
Immutable Audit Trail All user actions are tracked and cannot be altered retroactively. |
Immutable audit trails are required for regulatory grade reconciliation systems. | |
|
Time-stamped Activity Logs Every action is time-stamped for traceability. |
Every system action is time-stamped and recorded for compliance. | |
|
User Action Replay Ability to replay sequences of user actions for detailed investigation. |
No information available | |
|
Periodic Certification Checks Supports regular review and sign-off of reconciliations or exceptions. |
No information available | |
|
Change Management Logs Tracks any changes to data, configuration, or user roles. |
System logs changes to configuration, data, and user roles for audit trail. | |
|
Data Integrity Monitoring Continuously monitors and alerts for data corruption or loss. |
Integrity monitoring for reconciliation data is referenced in controls. | |
|
Reporting of Audit Events Generates reports specifically on audit and control events. |
Audit event reporting mentioned in compliance-related features. | |
|
SOX/ISAE 3402 Support Provides controls to support Sarbanes-Oxley or ISAE 3402 compliance. |
SOX/ISAE 3402 controls supported, required for audit-grade reconciliation. | |
|
Automated Exception Closure Controls Prevents unauthorized closure of reconciliation breaks. |
Controls to prevent unauthorized closure of breaks are standard for compliance. | |
|
Retention of Evidence Enforces retention of evidence and supporting documentation for defined periods. |
Evidence retention is referenced for support of audits and regulatory review. |
Integration & Extensibility
(2 Yes /2 Known /10 Possible features)
|
Open API Support APIs available for downstream/upstream integration (REST, SOAP, etc.). |
Open API support for integration is described with partner portfolio management systems. | |
|
Plugin/Extension Framework Supports plug-ins/extensions for feature augmentations. |
No information available | |
|
Custom Scripting Allows custom scripts (e.g., Python, JavaScript) for bespoke automation. |
No information available | |
|
Third-party Integration Catalog Library of pre-built integrations with popular financial apps and services. |
No information available | |
|
Single Sign-On (SSO) Supports federated SSO via SAML, OAuth, etc. |
Single Sign-On support via SAML/OAuth is mentioned under enterprise security deployments. | |
|
Event/Message Bus Integration Integrates with event bus/kafka for real-time event propagation. |
No information available | |
|
Webhooks Supports outbound webhooks for triggering workflows/API calls externally. |
No information available | |
|
Data Mapping and Transformation Tools Supports mapping and transformation for non-standard data feeds. |
No information available | |
|
Number of Supported Integration Points Measures extensibility by supported integration points. |
No information available | |
|
Marketplace/Partner Ecosystem Access to app/partner ecosystem for pre-built modules. |
No information available |
Support & Vendor Services
(7 Yes /7 Known /10 Possible features)
|
24/7 Support Availability Round-the-clock support by phone, chat, or email. |
24/7 support via email/portal is referenced on vendor’s support pages. | |
|
Dedicated Account Manager Appoints a named contact for large or strategic clients. |
Strategic clients are assigned account managers per vendor’s services description. | |
|
Implementation Assistance Professional services for onboarding, data migration, and go-live. |
Implementation specialists support onboarding and data migration. | |
|
On-demand Training Provides online or on-site training modules for users. |
Training modules and onboarding referenced under client resources. | |
|
Knowledge Base Access Access to online documentation, FAQs, and how-tos. |
Knowledge base access available through online portal. | |
|
User Community Forums Promotes engagement and peer-support among clients. |
No information available | |
|
Average Support Resolution Time Average time to resolve a typical support request. |
No information available | |
|
Regular Feature Updates Receives regular software enhancements and security updates. |
Product updates are delivered regularly; cited in support/maintenance agreements. | |
|
Feedback-driven Product Roadmap Incorporates user feedback in ongoing product development. |
Client feedback is cited as an input to the product development process. | |
|
SLA-backed Uptime Guarantee Guaranteed minimum uptime as per SLA. |
No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.