Electra Wins Best Reconciliation Solution in the FTF News Technology Innovation Awards 2016
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information.
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information.
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
Please click here for more information on Premium features or contact us.
To learn more about subscribing to our service options, please contact us here
New York – April 25, 2016 – Electra Information Systems (Electra), an innovative provider of proven solutions for the asset management industry, today announced it has been awarded “Best Reconciliation Solution” by FTF News for its 2016 Technology Innovation Awards.
Electra Reconciliation was named Best Reconciliation Solution in recognition of the work Electra has done to automate and simplify reconciliation processes that have historically been handled manually, reducing overhead costs and associated operational risks. This includes the introduction of an intuitive NAV/TPV (net asset value/total portfolio valuation) workspace, benefitting investment managers who struggle to reconcile a portfolio's NAV- a critical component of client billing and reporting.
Electra Reconciliation now allows firms to group together NAV reconciliation “buckets” such as security position values, transactions (reclaims, dividend and interest accruals), other receivables, liabilities, open trade equity, P&L and other forms of capital. This ability to flexibly define the grouping of NAV buckets provides asset managers with greater visibility into the makeup of a fund's total assets and the reasons for NAV discrepancies all the way down to price, unit or foreign exchange difference at a security level.
“Asset managers tell us they need effective, efficient reconciliation processing. We built Electra Reconciliation to meet this need, automating a process that historically has been handled manually or by outdated solutions that do not reduce overhead costs and associated operational risks,” said Ian Danic, Executive Director, Electra. “The Best Reconciliation Award is a testament to our ongoing commitment to solve the most complex problems vexing the asset management community.”
The FTF News Technology Innovation Awards recognize the professionals, vendors, service providers, industry bodies and regulators that have demonstrated exceptional achievement in financial services operations technology during the previous year. The awards will honor winners at the FTF News awards gala at The Lighthouse at Chelsea Piers in New York on Tuesday, May 17th.