iPM Recon, the latest addition to the iPM technology platform, completely automates the daily reconciliation activities of investment management firms. Key features added include the ability to automate cost basis recon down to the lot level, as well as closed out trades in compliance with the new cost basis regulations. INDATA also proactively adds new file formats for cost basis as they become available from custodians and brokers as part of the core product.
In addition to a highly efficient user interface and collaboration tools that significantly streamline the reconciliation process, iPM Recon provides powerful data management functionality that validates the accuracy of incoming data from custodians and alerts end users with any data integrity issues. The system also provides comprehensive audit reports that are created automatically and can be referenced quickly.