Arcfina had unveiled today a new module for its core portfolio and risk management platform to enable automated reconciliation with portfolio bank accounts.

This new feature enables bank statements to be seamlessly loaded into Arcfina directly from the client’s bank via Secure File Transfer (SFTP) and Arcfina then automatically matches the banks records with expected ledger transactions, whether trade settlements, coupons, maturities, subscriptions, redemptions, etc. The module enables breaks or late payments to be easily identified and managed and for appropriate adjustments to be made to the cash ledger on the fly.

Justin Sycamore, founder and CEO at Arcfina says “The Bank Account Reconciliation module is a fantastic new feature in Arcfina, alleviating the daily pain that investment operations can often face having to reconcile manually their bank account balances with their portfolio management system. Congratulations to the dev team on getting this module into production at a number of our clients!”