WealthCo updates reconciliation operations
09 January 2024 US
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WealthCo Asset Management, part of the WealthCo group, has employed Duco’s scalable reconciliations solution to replace its spreadsheet-based processes in wealth asset management, insurance operations and finance.
Duco’s platform provides a single reconciliation management system for price, positions, trades and cash, consolidating the reconciliations process and enabling more streamlined and efficient operations.
It has also allowed the firm to build ‘volume-agnostic automated processes’, Duco says.
Through the solution, WealthCo Asset Management is able to more quickly build complex matching rules and normalise its data, the company states.
Additionally, the company will be able to scale these processes effectively as it continues to grow.
Jeanne Oppenheim, chief operating officer at WealthCo, says: “Duco enables us to leverage end-user automation, driving down total cost of ownership, risk and time-to-value and costs, improving efficiency in reconciliation and other data integrity tasks.
“We have consolidated previously manual tasks across different platforms into Duco, giving us scalable and transparent controls and enhanced auditability as we grow. All of this allows us more time to spend with clients.”
Chris Stevens, chief revenue officer at Duco, adds: “WealthCo have ditched manual work, future-proofed their business and freed up their teams to focus on what really matters — delivering the best possible experience to clients.”
Duco’s platform provides a single reconciliation management system for price, positions, trades and cash, consolidating the reconciliations process and enabling more streamlined and efficient operations.
It has also allowed the firm to build ‘volume-agnostic automated processes’, Duco says.
Through the solution, WealthCo Asset Management is able to more quickly build complex matching rules and normalise its data, the company states.
Additionally, the company will be able to scale these processes effectively as it continues to grow.
Jeanne Oppenheim, chief operating officer at WealthCo, says: “Duco enables us to leverage end-user automation, driving down total cost of ownership, risk and time-to-value and costs, improving efficiency in reconciliation and other data integrity tasks.
“We have consolidated previously manual tasks across different platforms into Duco, giving us scalable and transparent controls and enhanced auditability as we grow. All of this allows us more time to spend with clients.”
Chris Stevens, chief revenue officer at Duco, adds: “WealthCo have ditched manual work, future-proofed their business and freed up their teams to focus on what really matters — delivering the best possible experience to clients.”
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