Wealth Management companies must transact and process millions in multi-currency denominations weekly, this process is generally handled through data files from banks with complex manual processes utilising excel spreadsheets with large numbers of formulas to process cash receipt allocation. This process is of critical importance for compliance and reputation to Wealth Management companies and are prone to error with teams having to complete these tasks manually. We understand it is becoming increasingly frustrating to have entire teams of people manually analyse and assign these transactions to the correct investment or account.

We have created a simple two-page document that breaks down some of the key pain points that are commonly found within cash receipt allocation and offer an in-depth analysis of how intelligent automation can provide a solution.