ELECTRA LAUNCHES ELECTRA BILLING 3.0

26 June 2014

 Electra Information Systems (Electra), an innovative provider of proven software solutions for the asset management industry, today announced the launch of Electra Billing, the firm’s comprehensive, workflow-based revenue management solution that provides customizable fee billing, including performance fees and complex fee schedules. Electra Billing 3.0, previously known as Quantum, includes significant new functionality and enhancements which make the solution even more user-friendly and feature rich.

The buy-side continues to focus on new ways to improve operations and cut costs without compromising quality and security. Through Electra Billing, clients can automate the loading of data, such as client information, market values, cash flows, and performance returns, and calculation of fees, making the platform even more efficient. Additionally, query functionality has been enhanced, giving users faster and easier access to historical fee data.

“We pride ourselves on providing our clients with the highest level of service possible. Part of that responsibility entails providing those investors with the confidence that we are using a highly accurate, secure, and automated fee billing solution,” said Julie O’Connor, Chief Operating Officer at Johnston Asset Management. “We have found Electra Billing to be a reliable and intuitive fee billing platform, reassuring our investors we are accurate in our billing and easing the administrative and operational burdens on our firm.”

Electra Billing 3.0 adds the capability to track invoices delivered outside the automated delivery process, giving asset management firms the flexibility to set up a more intuitive tracking system in the activity log for a detailed audit trail. Additionally, invoices delivered via email can now be encrypted and password-protected prior to delivery, offering another layer of security.

"We’ve continued to partner with our clients since the launch of Electra Billing to ensure we are delivering a high quality solution tailored to market and client requirements,” said John Landry, CEO of Electra. “As a controller, CFO, or billing manager, you need an intuitive, cost-effective workflow-based solution that covers your full range of fee billing scenarios. Electra Billing offers that rich user experience through a scalable automated billing solution.”

Electra Billing streamlines operations with efficient and accurate fee billing automation, invoicing analysis, accounting and reporting. In addition, archives and audit trails are created for compliance, and service levels are improved with customized communications and reporting, strengthening client relationships through increased transparency. This comprehensive offering ensures that cash flow management is optimized, helping to eliminate errors, reduce costs and accelerate cash flows.

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