Solutions
Built for the teams responsible for getting ownership data right
Whether you manage funds or custody assets, OpenAssets fits where the data problem actually lives.
For asset managers and fund administrators
The month-end close problem is a data problem. We solve the data problem.
The problem
Month-end close requires reconciling ownership records from three to eight custodians. Each custodian sends a different format. Discrepancies get manually tracked in spreadsheets. Book close takes two weeks. Errors get discovered after the audit package goes out.
How OpenAssets solves it
All custodian feeds connect to OpenAssets, which normalizes them to a single schema and reconciles positions daily. Exceptions flag automatically. Book close uses the OpenAssets-reconciled record. The audit package is an export, not a manual assembly.
"Quarter close used to mean twelve days of spreadsheet reconciliation. Now it means reviewing the exception log, which has three to five items, and approving the export. The difference is a week of analyst time per quarter."
Operations Director, alternative asset fund, early-access pilot, Q4 2025
For custodian banks and prime brokers
Your institutional clients are demanding faster confirmation and cleaner data. OpenAssets helps you deliver it.
The problem
Institutional clients expect daily ownership confirmation. Your internal systems speak different formats than your clients' systems. Outbound position feeds are generated from processes that haven't changed in a decade. Client escalations about discrepancies land on your ops team.
How OpenAssets helps
OpenAssets sits between your internal systems and your client-facing feeds. It normalizes your internal data to a standardized ownership schema, runs reconciliation against incoming client expectations, and generates clean standardized outbound feeds that reduce client-side discrepancy queries.
Before and After
What changes when ownership data has a real infrastructure layer
| Aspect | Without OpenAssets | With OpenAssets |
|---|---|---|
| Reconciliation cycle | Monthly, manual, takes 8-14 days | Daily, automated, exceptions flagged same day |
| Data sources | Multiple custodian exports, each in different format, manually consolidated | All sources normalized to a single canonical schema automatically |
| Error discovery | After audit packages are submitted | When the discrepancy first appears, before close |
| Audit package | Manual assembly from spreadsheets and custodian exports | Generated export from reconciled canonical record |
| Human review | All records require analyst review | Only flagged exceptions require analyst review |
Talk to us about your specific reconciliation workflow
We will walk through how OpenAssets handles your feed formats and close requirements before you commit to anything.