Northern Trust Enhances Omnium Reconciliation Workflow Application
Northern Trust has launched the enhanced Rec Dashboard, a workflow tool designed to improve real-time visibility into trade breaks and reconciliations. This upgrade facilitates better communication between asset managers and fund administration teams while providing data visualization capabilities within the Omnium platform. Clients can expect increased productivity and a more intuitive user experience. Northern Trust, a leader in asset servicing, offers comprehensive solutions for alternative fund managers, managing $14.8 trillion in assets under custody as of March 31, 2021.
- Enhanced Rec Dashboard improves real-time visibility for trade breaks and reconciliations.
- Facilitates better collaboration between asset managers and fund administration teams.
- Data visualization capabilities enhance the user experience.
- None.
Northern Trust has launched the next iteration of its Rec Dashboard, a workflow tool that provides a comprehensive, real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. The enhanced tool optimizes the client experience, eases collaboration and enables scalability to meet rising demand for real-time transparency into the reconciliations process.
Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. To optimize communication and collaboration between the manager and fund administration teams as breaks are reconciled, Rec Dashboard provides Omnium users with data visualization capabilities and more direct views into reconciliations. The enhanced tool is available to asset managers globally who utilize the Omnium platform.
“We are always seeking ways to better collaborate with clients, and Rec Dashboard allows us to work closely with them as our teams manage an essential daily process,” said Jeff Boyd, chief executive officer of Northern Trust Hedge Fund Services. “Clients benefit from deeper insight into our processes, a more intuitive user experience, and heightened productivity for their own operations.”
Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Its extensive asset servicing solutions support a diverse range of asset classes and investment strategies, providing integrated middle-office capabilities from the point of trade capture through to investor statements around a single set of books and records.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of US
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.
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