Northern Trust has launched the next iteration of its Reconciliations (Rec) Dashboard, a workflow tool that provides a real-time view of breaks and reconciliations in trade activity between asset managers and other institutions.
Launched for the first time in 2018, Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration.
To optimise communication and collaboration between the manager and fund administration teams as breaks are reconciled, Rec Dashboard provides Omnium users with data visualisation capabilities.
Omnium users also have access to more direct views into reconciliations. The enhanced tool is available to asset managers globally who utilise the Omnium platform.
Jeff Boyd, CEO of Northern Trust Hedge Fund Services, comments: “We are always seeking ways to better collaborate with clients, and Rec Dashboard allows us to work closely with them as our teams manage an essential daily process.”
“Clients benefit from deeper insight into our processes, a more intuitive user experience, and heightened productivity for their own operations,” Boyd adds.
Elsewhere at Northern Trust, a new asset servicing mandate has been gained to provide solutions to the UK coal pension schemes.
