Securities Operations Professionals
Domestic & Global

• Reorganization/Corporate Actions
• Mutual Funds - FundServ/Networking
• ACATS
• Stock Record/Security and Cash Control
• Dividends and Interest
• Mortgaged-Backed Securities (GNMA's,)

CMO's)
• Settlements (DTC, Euro, Fed, Physical)
• General Ledger Balancing
• Mutual Fund Accounting
• Global Trust and Custody
• Operations Procedures and Documentation
• System Implementation "Backfill" Staffing

Our Services Include:

• System Conversion Operations Support
• Data Reconciliation Projects
• Permanent Placement/Direct Hire
• Brokerage Operations Support
• Mutual Funds Operations
• Trust & Custody Operations
• Pre-Conversion Data "Scrubbing"

Reconciliation Nightmare?
Try the GFS Proven Approach

Few challenges can be more frustrating for a securities operations manager than to have circumstances, beyond his or her control, cause the firm's books and records to get away from them and require extensive reconciliation. Mergers, system conversions, even the untimely resignation of key staff can cause a "clean" operation to be faced with the prospect of having to expend valuable time and resources on a major reconciliation project. What can make matters worse, is the "trap" these projects often fall into that actually make the situation worse. Projects that should have taken weeks to clean up, drag on for months.

It is always tempting to go after the "instant gratification" of jumping in and trying to clean up old exceptions in the interest of "getting the numbers down". Unfortunately, this approach all but guarantees long-term failure. By treating the symptom (the exception) instead of the disease (daily processing), before long, exception numbers, after initially declining, will begin to climb due to the failure of getting to the root causes of the problem.

GFS has successfully approached ALL of its data reconciliation projects in the same fashion. An operations processing expert attacks the problem from the front end while a "recon" expert attacks the aged items. The GFS approach, a successful prescription to any data reconciliation challenge that you may face, will keep those recon projects that should take weeks … to just that. In the process, it will help reengineer your daily workflow to ensure you won't find yourself in the same frustrating situation again.