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Most asset managers don't know they have a reconciliation problem.

  • Writer: ReconIQ
    ReconIQ
  • Mar 9
  • 2 min read
SimCorp Reconciliation

They think they fixed it when they went live on SimCorp.


They didn't.


What they actually did was trade one set of problems for a more expensive, harder-to-diagnose set of problems — hidden inside a platform only superusers can touch.


Here's what we keep finding:

  • Low auto-match rates nobody can explain. The break could be GenRec configuration. It could be upstream SimCorp data. It could be custodian SWIFT quality across 60+ feeds. Without a structured diagnostic, your team is chasing symptoms. Every. Single. Day.

  • Exception management that doesn't exist. Breaks are being identified. Nobody owns them. No SLAs. No escalation path. No attestation. The NAV gets published and everyone hopes for the best.

  • Back-office processes still running on Excel. SimCorp acknowledged it themselves: back-office workflows are less mature. So data gets exported, adjusted manually, and re-imported — outside the platform's control environment, outside the audit trail, and outside the governance framework you paid to build.

  • A migration that revealed every gap the old system was masking. AutoRek retired. Proprietary tools decommissioned. SimCorp Reconciliation Manager live. And now you can see exactly what you never had in the first place.


We have been in these meeting rooms having these conversations with top tier asset manager and Sovereign Wealth Funds. The issues typically rear their heads either during testing or post implementation, not the ideal time as no one wants to roll back their implementation at that point.


The pattern is identical every time.


SimCorp goes live. The reconciliation operating model doesn't.


The platform is not the problem. The platform is extraordinarily capable.


But capability is not configuration. And configuration is not control.


We have published a whitepaper setting out the five core reconciliation challenges facing SimCorp users in asset management — and what a structured path to operational control actually looks like.


If this resonates, share it with someone who's just gone live on SimCorp — or is about to.


ReconIQ is a specialist reconciliation advisory firm. We work exclusively with financial institutions navigating reconciliation complexity — from health checks to full operating model transformation.

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