Case Study: Brown Capital Management achieves daily reconciliation and one-day month-end processing with SS&C Technologies' Recon

Brown Capital Management - Customer Case Study

Brown Capital Management, a Baltimore-based institutional asset manager with $9.7 billion AUM, faced an inefficient month-end reconciliation process and limited detail from its legacy Advent platform—reconciliations were restricted to positions and transactions, required blocking the first three days of the month, and lacked cash reconciliation and a robust audit trail. After SS&C Technologies introduced Recon, the firm recognized a modern, exception-based solution that promised far more detailed custodian data and clearer workflows.

SS&C Technologies implemented Recon, delivering daily, exception-based reconciliation across positions, transactions and cash, customizable dashboards, and auditor-ready reporting. As a result, Brown Capital now reconciles portfolios every day, reduced its month-end process to one business day, replaced 25–50 pages of reconciliation reports with near-paperless workflows, improved break identification and resolution, and freed portfolio administrators for higher‑value work—demonstrating clear operational ROI.

Brown Capital Management

Devin Dockery

Portfolio Administrator