Calastone

Calastone is the largest global funds network, connecting the world’s leading financial organisations.

Their mission is to reduce complexity, risk and costs, enabling the industry to deliver greater value to investors. Over 4,000 clients in 56 countries and territories benefit from Calastone’s services, processing over £250 billion of investment value each month.

The partnership with AutoRek aims to help firms reduce risk and operational inefficiency in their business by providing a seamless, end-to-end reporting and reconciliation solution. Monthly reconciliation processes can instead be completed on a daily basis due to the removal of resource-heavy data preparation steps, allowing for exception items to be identified and resolved much faster.

As a result, firm assets will no longer be tied up for a month, pending completion of the next reconciliation cycle, thus improving balance sheet liquidity.

The partnership will see the Calastone Reporting solution consume statements of holdings and transactions directly from fund managers and transfer agents. The multiple and varied sources are then consolidated by Calastone into a single structure which is provided as the reporting output.