Apex Partners with Fund Recs for Reconciliations

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Dublin, 24 November 2016: Apex Fund Services today announces the deployment of the Fund Recs Velocity software globally across the group.

The rollout of the Fund Recs Velocity platform throughout Apex creates further efficiencies by automating the administrator’s cash and portfolio reconciliation procedure whilst freeing up highly qualified resource from data processing tasks. Apex’s clients will benefit from straight through processing and customisable reporting.

“We are delighted to announce Fund Recs Velocity platform will be rolled out at Apex Fund Services. Combining our technology with the expertise of the Apex personnel creates enormous value for both Apex’s current and prospective clients. We look forward to working in partnership with Apex as we develop the Industries first Straight Through Reconciliation platform,” said Alan Meaney, CEO of Fund Recs.

Anthony O’Driscoll, Chief Operating Officer at Apex Fund Services added, “The deployment of the Fund Recs software across the Apex group is indicative of our commitment, as a global brand, to delivering exceptional service by utilising the best in class technologies and continually improving efficiencies. We look forward to delivering enhanced reporting services to our global client base as we continue to grow and expand our service offering”. ”

-ENDS-

About Fund Recs

Fund Recs develops cloud-based reconciliation software for the Funds Industry, replacing outdated enterprise software with a pay-as-you-go Software-as-a-Service (SaaS). The Fund Recs software simplifies complex reconciliation in the funds industry reducing the time to complete reconciliations by up to 90%. Fund Recs mission is to automate and improve the valuation of funds. Founded in 2013 Fund Recs has offices in Dublin and Waterford, Ireland. In May 2016 Fund Recs was named “European Startup of the Year” at the ICT Spring Conference in Luxembourg. https://www.fundrecs.com/velocity.html

About Apex Fund Services

Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest specialist fund administration and middle office solutions providers. Apex has continually improved and evolved its product suite by surrounding these core administrative services with additional products spanning the full value chain; from information delivery and regulatory products to capital introduction services. The globally distributed service model is delivered by over 600 staff across 23 full service centres and an additional 10 sales offices. Apex now administers the investments of some of the largest funds and institutional investors in the world.

 

Media Contacts:

Fund Recs Contact: Alan Meaney, CEO | [email protected]

Apex Contact: Rosie Guest, Global Marketing Director | [email protected]

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