Date: 28 November 2012

Praxient Capital LLP goes live with i-Recs from Watson Wheatley Financial Systems

Watson Wheatley Financial Systems (WWFS) are pleased to announce that Praxient Capital LLP, a London based hedge fund, have recently gone live with the i-Recs Reconciliation Software. i-Recs has been configured to perform daily cash and trade as well as month-end NAV reconciliation across a variety of asset classes and with a number of data providers.

Chris Fincke, COO of Praxient Capital LLP commented “The implementation of i-Recs 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.”

Duncan Wheatley, Director of WWFS added “We are pleased to be able to welcome Praxient Capital to our growing client base and will continue to grow with them. i-Recs is highly configurable and is well placed to serve both current and future needs, with the added benefit of being able to add new interfaces in very short periods of time.”