Fund Recs to automate reconciliations and file processing at Curo Fund Services
Fund Recs is to provide Curo Fund Services, South Africa’s largest third-party administrator, with trade capture automation services through its Velocity fund administration software as well as providing Curo with the capability to manage multiple data sources through its new ETL tool Fusion.
The Fusion system is delivered as a fully hosted Software as a Service solution and puts an easy to use ETL solution into the hands of the administrator.
Barri Maggott, CEO of Curo, says: “Implementing Fusion allows our business to optimise its operating model by placing the management of data in the hands of the administrator and reducing the demands on our technology department.”
Fund Recs CEO, Alan Meaney, says: “We are delighted to be working with Curo Fund Services as they continue to innovate the fund servicing process through the combination of powerful software and domain expertise.”