Imagine Software Announces Expanded Reconciliation Offering in Partnership with Reconart
NEW YORK, October 22, 2013 – Imagine Software, an award-winning provider of real-time portfolio and risk management solutions, and ReconArt, the complete lifecycle reconciliation specialists, today announced a partnership to offer firms in the alternative investment industry a robust and fully integrated portfolio management and reconciliation platform featuring best-in-class capabilities.
The new solution is specifically designed to offer clients significant cost savings, seamless integration between portfolio management and reconciliation functions – covering positions, transactions and cash balances – and an enhanced level of customer service.
ReconArt is the innovative, customer-driven provider of best-in-class reconciliation software technology to the global financial services industries and their customers. Through its ReconArt™ Total Reconciliation Lifecycle™ solution ReconArt provides the latest generation, zero-compromise reconciliation platform allowing customers to establish the highest degree of automation, best practice, and consolidation of multiple reconciliations – both daily and period end – within a single integrated solution.
Imagine Software, included in Institutional Investor’s 2013 Trading Technology 40 and recent winner of the HFMWeek 2013 Most Innovative Technology Award, is a recognized provider of cloud-based, integrated, risk and portfolio management solutions to the global financial community.
“We are so pleased to be partnering with Imagine Software to bring a truly cohesive portfolio management and reconciliation solution to the marketplace. Our specific intent was to address the challenge of automated reconciliation across a broad range of third parties such as prime brokers and fund administrators, minimizing the opportunity for human error,” said Nicolo Nisbett, EVP, ReconArt. “The shared innovative approach that we take to developing solutions to tackle our clients’ evolving needs ensures that our combined offering will continue to adapt with changes in the industry.”
“Working with an industry leader such as ReconArt allows us to further meet our clients’ demands for increased operational efficiencies by providing enhanced reconciliation services, supporting straight-through-processing (STP) initiatives,” said Steven Harrison, President & COO, Imagine Software. “This approach is right in line with Imagine’s overall efforts to create the most comprehensive risk and portfolio management product available as an integrated offering, and we are very excited to partner with ReconArt in this regard.”
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About Imagine Software
For nearly 20 years Imagine Software has been a leading provider of real-time investment management solutions to the global financial community. Since launching the first cloud-based integrated portfolio and risk management offering—the Imagine Trading System—in 2000, the company has continued to guide the industry as an innovator. The company’s robust suite of products also includes the Imagine Financial Platform, an environment that extends Imagine’s capabilities through Imagine Apps; the Imagine Marketplace, an online community for distributing and obtaining Imagine Apps; and the Imagine Risk Aggregator, a web portal providing greater transparency into investments.
Headquartered in New York City with additional offices in Cleveland, Hong Kong, London, Sydney, and Istanbul, Imagine Software is the trusted solution for thousands of users at the world’s largest hedge funds, funds of funds, brokerage firms, and investment banks.
ReconArt is the dedicated-focus provider of ReconArt™ the 100% web-based Total Reconciliation Lifecycle™ solution. ReconArt™ provides an enterprise-class, rapid-to-deploy solution covering everything from daily matching and exception resolution to period-end account reconciliation.
Imagine Software wins five awards and is voted by the market as the leading system for risk management, portfolio management and widest product range.