Woodfield Fund Administration Taps Smonik for Reconciliations

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Sethu Bijumalla, CEO and founder of Smonik, tells Buy-Side Technology that Woodfield, which serves over 150 funds, was most interested in Recon's straight-through processing capabilities and its ability to segregate data so as to better mitigate risk.

Additionally, the system can reduce the onboarding by 2-4 weeks at a large firm, Bijumalla adds.

Most recently, Smonik, which was founded in 2009, has added enhanced reporting capabilities to the system and the ability to categorize, name and tag b

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