Danish pensions services provider Forca has selected Gresham Technologies’ Control solution for holdings, cash and transaction reconciliations.
By automating all data validation, reconciliation and regulatory reporting, Control will allow Forca to tackle ongoing industry data control issues and focus on management and transaction reconciliation.
Efficient back-office processes, including reconciliation relating to identifying and resolving trade breaks, continues to be an important factor when providing clients of pension firms with high-quality data at the right time, says Gresham.
Forca serves 675,000 pension savers and provides fund administration as well as compliance, IT, finance and accounting services.
Søren Østergaard, CEO at Forca, says: “The overwhelming majority of data that we deal with is unstructured and comes from disparate sources. Not only is Gresham’s Control solution intuitive and logical to work with, but the dashboard also creates an effective overview of the outstanding reconciliation breaks.
“We are continuously striving to improve our processes for the benefit of our clients, and Gresham will help us to do that by providing high-quality and reconciled data at our fingertips.”
Spencer Black, head of sales UK and Europe at Gresham, adds: “Diligent and rigorous management of ageing exceptions and governance over the reconciliation process is crucial for pensions firms to reduce risk and achieve excellence in client service.
“Offering a simplified, efficient control solution for cash reconciliation removes multiple operational headaches for Forca, freeing up its operations teams to enrich the client experience and deliver true business value for years to come.”
