By Payal Lakhani, Senior Product Manager

The latest ICMA European Repo and Collateral Council (ERCC) survey reveals that 88% of financial institutions are still grappling with manual processes for handling manufactured payments related to repos. Where some firms have introduced automation to elements of the flow, payments are often still manual and communication for agreement with counterparties remains reliant on manual emails. Are you one of them?

With over 70% of organizations reporting late manufactured payments for repo as a material concern, citing internal inefficiencies and the high cost of manual processing as key contributors, it's time to embrace a scalable solution that offers full visibility and end-to-end automation.

Pirum’s Corporate Actions solution, CoacsConnect, is already tackling these challenges head-on, reducing delays and operational risks for our clients

Did you know that 50% of the industry see average payment times below three days, with the remaining 50% seeing averages of up to four weeks. CoacsConnect reduces these timings significantly, ensuring timely and accurate processing, with Pirum clients benefitting from 95% reduction in payment times.

Join the industry leaders who are already reaping the benefits of CoacsConnect and using the power of automation to revolutionize their reconciliation and payment processes.

Whether you're dealing with Repo, Equity, or Fixed Income, CoacsConnect is tailored to meet your needs and streamline your operations. Don't let outdated systems hold back your business. Discover how Pirum can help you achieve seamless automation and enhanced visibility today.

You can read the survey results here.

Contact us to register your interest for an upcoming corporate actions roundtable, with a repo lens, to continue the discussion and see how Pirum clients are benefitting from a fully automated, scalable claims process.