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Pzena Investment Management’s methodical transition to a reconciliation platform in 2004 is still yielding productivity gains today.
Evan Fire says he didn’t rush into a new reconciliation platform when the New York-based Pzena Investment Management transitioned from a manual system to automation in 2004. Fire, who is the operations and administration manager and principal for the firm, says he took a deliberately methodical approach. The go-slow strategy was necessary because the equities-only,...
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