Why reconciliation is still manual
Ask anyone in fund operations what eats their week, and reconciliation is near the top. The reason is structural: by the time money arrives, the context that would let you match it has been stripped away.
The remittance gap
A wire carries an amount, a sender, and a short, often-truncated memo field. It does not carry the capital call it belongs to, the investor’s commitment, or the expected amount. So someone matches it by hand — cross-referencing bank statements against a spreadsheet, chasing down short payments, and flagging anything that does not tie out.
Multiply that across hundreds of investors and several funds, and reconciliation becomes a full-time job that scales linearly with growth.
What automation actually requires
You cannot bolt reconciliation onto the end of a broken process. To match automatically, the expected payment has to be defined upstream — at initiation — and carried through settlement so the incoming wire can be tied back to it without guesswork.
That is the whole thesis behind Interro: own the transaction end to end, and reconciliation stops being a manual chase and becomes a confirmation.
Want to compare notes on your reconciliation workflow? Get in touch.