Deloitte partners with Fund Recs to increase efficiency of investment management audits
4 April 2019
Deloitte Ireland LLP is pleased to announce that it has partnered with software provider Fund Recs. Deloitte will use Fund Recs software to automate the custody reconciliation element of its investment fund audit process - as part of that process Deloitte will utilise the Fund Recs data transformation service to convert pdf documents to an editable format.
Brian Forrester, Investment Management Leader at Deloitte Ireland, commented: “At Deloitte, we are continually looking at ways to enhance the quality of our audits and the impact that we deliver to our clients. This partnership with Fund Recs is an important part of the technology-driven approach we are taking for investment management audits.”
Matthew Foley, Partner, Financial Services at Deloitte Ireland commented: “The solutions provided by Fund Recs will work alongside our existing proprietary technologies and tools to make the process of auditing an investment fund more efficient and quicker, and will provide better quality data. This ultimately enables us to drive more meaningful insights for our clients.”
Fund Recs CEO, Alan Meaney, added: “We are excited to be working closely with Deloitte to help streamline the investment fund audit process they carry out on behalf of their clients. This partnership is a great example of the benefits of combining a highly skilled workforce with leading edge technology to add value to client data.”
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About Fund Recs
Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in New York, Dublin and Waterford, Ireland. In 2016 Fund Recs was named “European Start-up of the Year” at the ICT Spring Conference in Luxembourg. Find out more at: www.fundrecs.com.