Mutual Fund (MF) reconciliation refers to the process of verifying the accuracy of transactions between mutual fund companies and distributors, ensuring that the data recorded by both parties’ match. MF reconciliation is critical to ensure the accuracy of investor portfolios and avoid discrepancies in their mutual fund investments.
MF reconciliation is typically a manual and time-consuming process, involving the matching of large volumes of data. A small company can still manage the process manually, but big companies face a lot of issues with the cost, time, and complexity of the process. However, with the advent of automation technology, such as Robotic Process Automation (RPA), MF reconciliation can be significantly streamlined.
Here are some of the ways that RPA can be used in MF reconciliation:
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