Fund Recs is to provide SANNE, a global provider of alternative asset and corporate services, with tailored reconciliation automation services through its Velocity fund administration software.Fund Recs, an established fund industry software provider, will work with SANNE to automate the data processing and reconciliation process in its fund administration business. Delivered as a Software-as-a-Service, Velocity, will help SANNE achieve its goal of Straight-Through-Reconciliations.
Fund Recs Chief Executive Officer, Alan Meaney, says: “Through our engagement with SANNE we’ve delivered a strong relationship and are excited to be working with a group that has such a focus on providing high quality client service. Software only provides leverage to great people and we look forward to supporting SANNE as they continue to innovate for the benefit of their global client base.”
Philip Dempsey, Country Head – Ireland at SANNE, says: “We are delighted to be partnering with Fund Recs. We fully embrace technology and innovation at SANNE and we constantly look for ways to evolve our service offering that ultimately adds value to clients. The team at Fund Recs are well regarded in the funds industry as innovation enablers and we believe that partnering with the best providers in the industry will greatly advance our current service offering.”