Solving
Complexity.

Accessible.

Comprehensive.

What we do.

We offer best practice reconciliation software and exceptional support, tailored to each client's highly individual operations requirements. Whether you are a hedge fund, asset manager, commodities trader or private equity firm, our iRecs software will give you a greater control and transparency in your operations.

Developed by buy-side operations experts the iRecs reconciliation solution delivers highly automated data aggregation, advanced matching and exception management across all instrument classes and data types. We focus on operations risk mitigation, leveraging our unique accounting engine to verify reconciliation data at the most granular level.

Our solutions are developed to solve real business problems and are derived from our extensive knowledge of middle and back office operations.

Reduced Risk.

Reduced Cost.

With high level of automation, our system will help you reduce both operational risk and cost.

There are no charges for the number of reconciliations, interfaces or volume, simply the number of users.

Rapid implementation keeps start-up costs low and we offer a competitive pricing model, low TCO, no upfront license fees and no hidden costs. 

Get in touch
Logo Irecs White Border

iRecs is an automated reconciliation system designed to meet the needs of the asset management industry. iRecs matches positions, balances, trades, cash flows and uniquely, P&L between internal systems and external service providers and across all instrument classes.

iRecs is the only system available that completely solves margin accounts reconciliation for listed and OTC derivatives. iRecs also handles full NAV reconciliation accounting for all differences in positions, balances, prices and exchange rates between the internal accounting system and records provided by the custodian or administrator.

IRecs in Detail

Proactive support

We believe our production support services are second to none and a recent independent survey rated our enterprise support services as ‘Very Effective’ in all areas. Underpinned by our standard service level agreement, we provide comprehensive support initiated by email or telephone call, facilitated though simple and robust remote assistance tools where applicable, and tracked through our logging system. We recognise the criticality of this process to your business and have built our support services accordingly. We are often reminded by our clients how quick and effective our support function is compared with other financial software vendors. 


“All of our queries are dealt with in a quick, and when needed creative manner to find the best resolution necessary. I applaud and thank you for working with us and creating a tool that alleviates demanding tasks that help us in our commodity trading needs.”

Noble Americas 

Implementation

Watson Wheatley offers a full implementation service from requirements analysis, through installation, configuration, user acceptance testing, migration to production and post-live support. We fully understand the reconciliation process and can guide you how to get the absolute best from our products and your data.

Training

Watson Wheatley provides comprehensive training covering all our products. We can work with you to help determine the operational procedures most suited to handle the reconciliation process within your company, and will tailor our training programme accordingly to accommodate these. Our systems are designed to be intuitive to use and therefore light training programs are also available either in person or online.

Ongoing Consultancy

Our products are configurable by end-users although some of our clients prefer to use our post-live consultancy service for on-boarding new reconciliations, data sources or any other configuration process. As we understand your data from implementation and how our system interacts with it we are often best placed to give advice or provide timely and effective consultancy services. 

Logo Importer White Border

Importer is a companion product to iRecs and automates the translation of reconciliation data passed between you, your trading partners and your service providers.

An intuitive, flexible and generic tool providing complete control over the reading and forwarding of data files from prime brokers, custodians and administrators, and the preparation of outbound data for transmission to clients, to management or uploading to other systems. 

Importer in Detail

Case Studies.

Hedge Fund - ETD & OTC Derivatives Reconciliation

  • $20bn Hedge fund
  • ETD & OTC Derivatives
  • Total equity reconciliation
  • Linedata Global Hedge
Read online
Download case study

Hedge Fund - Prime Broker and Market Value Reconciliation

  • $400m AUM Hedge Fund
  • Daily Trades, Positions, Total Equity
  • Paladyne PMS
  • Market Value, Administrator and DTCC/EMIR Reconciliation
Read online
Download case study

What our users say.

The implementation of iRecs has made a meaningful contribution to our control environment, improving the productivity of reconciliations between internal systems, administrator and counterparties in a cost effective manner. The WWFS team were both pragmatic and helpful throughout the process.

London Hedge Fund

Your team have made the transition smooth and are always there for the questions that need to be answered. We now reconcile thousands of trades a day with the push of a few buttons.

Noble Americas

The delivered product has exceeded our expectations by catering for so many complex issues, and is providing significant time savings allowing focus to be exception driven. User response to the system has been very positive. While post live support required has been minimal, the response time to all questions raised has been excellent – and gives us great confidence for the future.

FTSE 250 Asset Manager

I was impressed with the capacity of Importer – we deal with many custodians and various file formats, and Importer now allows each to be presented in a standard format – this is a very powerful attribute.

Genesis Investment Management

Get in Touch.

White Papers.

  • Basic Securities Reconciliation For The Buy Side
  • Data Aggregation For Asset Reconciliation
  • The Direction of Reconciliation Systems
  • Total Equity Reconciliation for Derivatives
  • Reconciliation Best Practice
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