Sanne enhances tech capabilities with Fund Recs partnership

Sanne partnered with software provider Fund Recs to automate data processing and reconciliation process in its fund administration business.

Fund Recs will provide the firm with its Velocity fund admin software. The cloud-based technology consists of four modules including cash reconciliation, trade capture, position reconciliation as well as FX reconciliation.

In a statement about the partnership, Philip Dempsey, country head – Ireland at Sanne said: “We fully embrace technology and innovation at Sanne and we constantly look for ways to evolve our service offering that ultimately adds value to clients.