INDATA Recon is a service offered by INDATA for in-house or cloud clients that provides daily reconciliation services for clients using INDATA and ByAllAccounts. The goal of INDATA Recon is to provide a fully outsourced reconciliation solution.
The service includes running holdings and transactions reconciliation and creating exception reports.
Benefits of this service include complying with industry best practices of having an external third-party review performance data on a daily basis, while eliminating the time consuming process of gathering data directly from different custodians.
When bundled with INDATA System Administration and Corporate Actions, outsourcing recon provides the highest level of data integrity and third-party oversight for effective risk management.