‘Reconciliation-Ready’ data Explained
Reconciliation-Ready describes the depth and quality of the data provided by our service. Unlike many “lifestyle aggregators” whose goal is a visual presentation of aggregated data, ByAllaccounts’ goal is to provide data that matches the data requirements of commercially available portfolio accounting systems and reconciliation systems. This data for positions, balances, transactions, and securities is loaded directly into the portfolio accounting system to populate the portfolios (transactions and securities) and to enable our users to reconcile daily against the custodian-reported positions and balances. We perform quality assurance testing (‘validation’) of the data that we deliver and work continuously with our customers to ensure that the data continues to meet their needs.
