Pensions firm Forca enhances client experience with Gresham Technologies
LONDON/HELLERUP, 10 January 2023 – Global fintech Gresham Technologies plc (Gresham) today announced that Danish pensions services provider, Forca, has selected Gresham’s Control solution for holdings, cash, and transaction reconciliations.
By automating all data validation, reconciliation, and regulatory reporting, Gresham’s Control solution will allow Forca to tackle ongoing industry data control issues and focus on true exception management and transaction reconciliation. With the implementation of the solution already underway, the pensions firm will soon realise the client service benefits of efficient, logical, and intuitive end-to-end data ingestion to reconciliation.
Efficient back-office processes, including reconciliation relating to identifying and resolving trade breaks, continues to be an important factor when providing clients of pension firms with high-quality data at the right time. Forca needed an intuitive, data-agnostic solution that provides increased visibility of any reconciliation breaks, and a more efficient way for its back-office team to resolve exceptions. Through the Gresham Control solution, Forca will be able to significantly improve its back-office reconciliation processes by accelerating exception resolution and the onboarding of reconciliation rules.
Søren Østergaard, CEO at Forca, said: “The overwhelming majority of data that we deal with is unstructured and comes from disparate sources. Not only is Gresham’s Control solution intuitive and logical to work with, but the dashboard also creates an effective overview of the outstanding reconciliation breaks. We are continuously striving to improve our processes for the benefit of our clients, and Gresham will help us to do that by providing high-quality and reconciled data at our fingertips.”
Spencer Black, Head of Sales UK and Europe at Gresham, added: “Diligent and rigorous management of aging exceptions and governance over the reconciliation process is crucial for pensions firms to reduce risk and achieve excellence in client service. Coupling the sheer complexity of a firm’s processes with the laborious nature of regulatory compliance makes timely, accurate and complete data reporting all the more difficult. Offering a simplified, efficient control solution for cash reconciliation removes multiple operational headaches for Forca, freeing up its operations teams to enrich the client experience and deliver true business value for years to come.”
Gresham Technologies plc (Gresham) is a global leader in mission-critical software and automation solutions for financial services. Our award-winning Clareti platform helps firms operate efficiently, manage risk, stay compliant, and focus on their customers knowing that their data and digital processes are under control. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, our industry-recognised Connect and Control Solutions, Data and Managed Services are proven at nearly three hundred organisations worldwide, including many of the world's largest banks, investment managers and corporates.
Forca is an outsourcing partner for Danish pension funds and supplier of tailored pension services.
On behalf of our customers, Forca serves 675.000 pension savers. We deliver member services,
actuarial services, fund administration, compliance, IT services, finance- and accounting services
to Danish pension funds.