Duco

“Duco enables us to quickly and efficiently put controls in place, without incurring big technology cost or capital expenditure.”

“Our employees who used to do repetitive tasks that had less of an added value can now do jobs with more added value.”

“At the moment, 78% of the documents in scope are automated.”

“For the teams that must process these communications, there are no delays anymore, tickets can be processed faster, and the incoming information is of high quality. That’s very important because you don’t want to lose time to read everything again to see what it’s all about.”

“Duco is a powerful and flexible software solution that allows us to automate our daily asset and bank reconciliations to quickly and effectively identify and categorise reconciliation breaks. It is sophisticated, scalable, auditable and easy to use. We see potential for so many data validation and comparison tasks across our business. Because of the impressive no-code functionality, reconciliations can be built and owned by the Operations team, without the need for IT support.”

“Depending on how it’s formatted, the pre-processing of the documents can already take up to 30 minutes per interim report. This means just analysing the structure of the documents and in certain cases we even have to calculate balances ourselves. If you know each credit analyst processes up to 5 cases per day, this means 2.5 hours per day of pre-processing documents.”

“We can use Duco to consolidate formerly disparate manual tasks across instruments into single processes, giving us scalable and transparent controls and enhanced auditability as we grow. Through Duco we gain a volume agnostic automated process which allows us to be exception based in our processing which positions us well to support Brightwell’s multi-client growth strategy. For example, before Duco we had to perform position and cash balance reconciliations separately; with the Duco cash module we can combine these into one.”

“Duco enables us to unlock end-user automation, driving down total cost of ownership, risk and time-to-value. The flexibility of the platform will allow us to achieve our goal of more streamlined, efficient operations by giving us one system to manage reconciliations for derivatives positions, trades and cash.”

““ We managed to double our productivity thanks to adaptive IDP. ””

““ It is not our core activity to process huge amounts of paperwork, yet it takes up a weighty load of our time. We wanted to use the time and effort of our expert loan handling employees for value-adding activities, instead of manual work that was not enriching for them. ””

“We decided to help our clients as fast as possible when they requested it, which meant that we needed to optimise for operational efficiency.”

“The beauty of Duco is that people can build their own reconciliations and solve their own problems. It's very user-friendly. If you can use Microsoft Excel, you can use Duco.”

“Without Duco we would not have been able to scale as quickly. We'd have had to hire five more full time staff.”

“Time-to-market used to be 2-3 months and it is now more like 2-3 weeks...”

“Duco is the opportunity to accelerate to take the legacy system out. Duco are a great company to work with - they have good people, they have a good product.”

“Duco offers a low-cost, quick to market solution to remediate systematic breaks and the large population of end-user computing.”

“Duco puts power back into the hands of the users. The ability to clean up your own mess is a game-changer. Big difference is speed: we can amend recs that aren’t working, can iterate to get to the end state. On legacy tech that doesn’t happen. No dependency on one IT team - Duco is more agile and quicker to get things done.”

“Duco enables improved data integrity and quality to feed directly into our reconciliations whilst allowing efficient remediation of exceptions. As the leader in our field, it is important that we have robust processes in place well ahead of the deadline for IFRS 17 compliance.”

“We chose Duco because they are a genuine disruptor in the reconciliation market with a reputation for making an immediate impact. We were live and setting up our first reconciliations within 24 hours of contract signature. Duco also makes it easier for our Operations and Finance teams to communicate and work together.”