Fund Recs, a provider of cloud-based reconciliation software for the global Funds Industry, is pleased to announce that Three Rock Capital Management (TRCM) is using their cloud solution to automate its EMIR Oversight workflow.
TRCM are a UCITS Management Company and Alternative Investment Fund Manager, based in Dublin, and “regulated by the Central Bank of Ireland.”
TRCM can now be more efficient in “meeting their EMIR obligations by centralizing their reconciliation processes and minimizing the number of manual interventions.”
This ensures higher data quality and full transparency “across their EMIR reporting process and helps them deliver on their commitment to operational excellence and regulatory compliance.”
Fergal Cox, COO at Three Rock Capital Management, said:
“We are delighted to embark on this exciting journey with Fund Recs. Fund Recs’ EMIR platform aligns perfectly with our commitment to operational excellence. Fund Recs are playing an important role in ensuring we have effective and efficient oversight in place to meet our EMIR reporting obligations.”
Fund Recs CEO, Alan Meaney said:
“We are excited to be working with the team at Three Rock Capital Management. EMIR Oversight continues to be a high priority for firms and at Fund Recs we provide our clients with an automated solution to ensure their data remains complete and accurate. We are delighted with this collaboration to support another client in meeting their regulatory obligation.”
As noted in the update, Three Rock Capital Management Limited is “based in Dublin, Ireland.”
The firm is authorized to operate as “a UCITS Management Company and an Alternative Investment Fund Manager by the Central Bank of Ireland.”
As mentioned in the announcement, Fund Recs develops cloud-based reconciliation software for the global Funds Industry, “replacing outdated enterprise software with Software-as-a-Service (SaaS).”
The Fund Recs software simplifies complex reconciliation and data transformation 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 New York, Dublin and Waterford, Ireland.”
