Alliance Capital has selected RECON-Plus, a service from CheckFree, to automate some of its manual processes and provide support for reconciliation of international mutual funds operations. Alliance Capital will also be deploying RECON SOLVER, which will be utilized to automate the processing of financial exceptions.

The platforms will be set up in the firm's Luxembourg, Singapore, and U.S. offices.

"As one of the world's largest investment firms, we require vendor systems that can support our premier mutual funds operations," stated Alan Halfenger, senior vice president at Alliance Capital. "We have confidence in CheckFree's industry-standard solutions, based on their expertise and knowledge in the mutual fund business. After talking with their other international companies, we knew CheckFree was the clear choice for us."

Ideally, the solutions will enable Alliance Capital to reconcile its assets managed for international funds; the products are designed ot maximize benefits while at the same time reducing risks.

"We provide state-of-the-art business solutions so that leading global organizations such as Alliance Capital can operate more smoothly and efficiently in today's challenging marketplace," added Mark Zill, senior vice president and general manager at CheckFree Financial and Compliance Solutions. "Using RECON-Plus for Windows and RECON SOLVER, our clients can manage exposure while meeting their competitive challenges." 

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