ByAllAccounts and INDATA Form Strategic Alliance

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Renaissance Investment Management Can Now Run Automated Daily Reconciliation of Positions and Transactions

The combination of INDATA and ByAllAccounts provides an automated platform for reconciliation that is not only efficient, but also cost effective in comparison with other industry solutions

ByAllAccounts, the leading provider of reconciliation-ready data for RIA's and Independent Wealth Managers, today announced they have enhanced their strategic partnership with INDATA to deliver a data aggregation and reconciliation solution to INDATA clients. The collaboration between ByAllAccounts and INDATA means that data for all accounts can be automatically, efficiently, and accurately obtained and reconciled every day.

Prior to the integration, INDATA client, Renaissance Investment Management downloaded data to text files, imported it into a database and then ran reconciliation reports. Because the process was done one custodian at a time and not all custodians provided then a way to download data as a text file, the process was time consuming, cumbersome and generally inefficient.

ByAllAccounts, with INDATA now provides Renaissance a solution generating one file that has all of the various custodians' data as well as one that is consistent, normalized, and translated specifically for INDATA clients. Using the reconciliation functionality within the INDATA IMS platform, they now have the ability to choose the accounts they want to reconcile regardless of the custodian. It has helped them perform daily reconciliations for all the accounts that are set up in ByAllAccounts and has reduced the time it takes to reconcile. Through working with INDATA, they have also customized their comparison reports, making reconciliation a simple process.

"Because we can now see what is happening in our client's accounts every day, instead of only once a month, we not only have gained operational efficiencies, but we are better positioned to more effectively manage our client accounts," stated Sudhir Warrier, Partner & COO Renaissance Investment Management.

"The combination of INDATA and ByAllAccounts provides an automated platform for reconciliation that is not only efficient, but also cost effective in comparison with other industry solutions," said David J. Csiki, Managing Director, INDATA.

"We are thrilled having INDATA as a strategic partner. ByAllAccounts compliments the robust nature of the INDATA system to provide their clients the tools to be successful," said James Carney, Chief Executive Officer, ByAllAccounts.

About INDATA®
INDATA® is a leading industry provider of SaaS (Software as a Service) for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office. The company's mission is to provide clients with cutting edge technology products and services to reduce costs and increase operational efficiency. INDATA® provides software and services to a variety of buy-side clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from approximately $25 Million to over $80 Billion across a variety of asset classes (i.e. equity, fixed income, etc.) both domestic and international.

The company's goal is not to be the largest provider in the space, simply the best. For more information, please visit http://www.indataweb.com .

About ByAllAccounts
Founded in 1999, ByAllAccounts (Woburn, MA) delivers reconciliation-ready data to investment management and advisory firms. Using innovative technology, we provide unparalleled access to reliable, accurate financial account data from thousands of custodians and enable efficient and timely account reconciliation, performance analysis and consolidated reporting. We help our customers build stronger, more profitable relationships by providing timely, personalized levels of service and better advice based on a more complete understanding of their clients' assets. For more information about ByAllAccounts, Inc. solutions, please call 781.376.0801, email info (at) byallaccounts (dot) com, or visit http://www.byallaccounts.com/index.php/indata

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Sean M. Hurley
ByAllAccounts
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