Overview
Brendata WebRecs is a fast, flexible and powerful data and transaction matching system, designed for organisations that need to reconcile large volumes of data quickly and accurately. Controlled entirely through a web browser, there’s nothing to install – it works from virtually any device, anywhere in the world.
WebRecs is used by financial firms to match positions and transactions between in-house trading and back-office systems – such as Rolfe & Nolan – and the outputs of external exchanges and clearing houses, including Eurex and similar venues. Discrepancies are surfaced clearly, giving operations teams the information they need to investigate and resolve breaks without delay.
Features
- Scheduling – runs are automated on a configurable schedule, with built-in file retrieval and automatic retries for failed or missing deliveries, reducing the need for manual intervention
- Flexible format support – match across any combination of file formats, including fixed-length, CSV, Swift MT535, MT536 & MT950, XML, FIXML and others, making it straightforward to connect systems that don’t natively speak the same language
- Account and code mapping – translate between in-house and external account codes, product names, ledger codes and similar references, so data from different systems can be compared meaningfully without manual pre-processing
- Data processing rules – apply configurable actions to your data before matching, including date formatting, mathematical operations, field trimming and date-range filtering, allowing raw exchange or custodian files to be brought into line with internal formats
- Email reporting – match results are delivered by email as soon as a run completes, with optional PDF and CSV attachments providing a clear audit trail for operations and compliance teams
- Web-based analysis – view, search and interrogate your reconciliation data directly in the browser; drill down from summary-level match results into the underlying raw records to pinpoint exactly where a break has occurred
Deployment
WebRecs is available via Brendata’s secure, high-performance cloud platform, with no infrastructure overhead on your side. Alternatively, it can be supplied as a Docker container or virtual machine image for deployment within your own environment – useful where data sovereignty, network segregation or internal policy requires it.