Northern Trust Enhances Omnium Reconciliation Workflow Application

Rec Dashboard supports asset managers’ need to manage a high volume of reconciliations in real time

CHICAGO--(BUSINESS WIRE)--Northern Trust has launched the next iteration of its Rec Dashboard, a workflow tool that provides a comprehensive, real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. The enhanced tool optimizes the client experience, eases collaboration and enables scalability to meet rising demand for real-time transparency into the reconciliations process.

Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. To optimize communication and collaboration between the manager and fund administration teams as breaks are reconciled, Rec Dashboard provides Omnium users with data visualization capabilities and more direct views into reconciliations. The enhanced tool is available to asset managers globally who utilize the Omnium platform.

“We are always seeking ways to better collaborate with clients, and Rec Dashboard allows us to work closely with them as our teams manage an essential daily process,” said Jeff Boyd, chief executive officer of Northern Trust Hedge Fund Services. “Clients benefit from deeper insight into our processes, a more intuitive user experience, and heightened productivity for their own operations.”

Northern Trust Hedge Fund Services is a leading provider of administration and middle office services for alternative fund managers and institutional investors with complex portfolios. Its extensive asset servicing solutions support a diverse range of asset classes and investment strategies, providing integrated middle-office capabilities from the point of trade capture through to investor statements around a single set of books and records.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of US $14.8 trillion, and assets under management of US $1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.