Capital Advisors Group, a cash management investment firm based in Newton, Mass., has developed an electronic datafeed that sends daily and monthly details of cash positions to its custodian, State Street.
The feed, which went live at the start of this year, was created as part of a back-office accounting system overhaul that is due for completion this fall. Capital Advisors previously entered all of its cash position data manually each day.
"They were doing daily reconciling by logging into
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