For reconciliation professionals, delays and format changes – and myriad other issues – associated with data acquisition cost both time and money. Electra Data, an automated, high quality data acquisition service, is the answer to these problems.
Electra Data, previously titled RecCollect, is a complete source for accurate, reliable data that provides consolidated securities, cash position and transaction information from more than 450 global custodians and brokers. The solution is a comprehensive service that supports every aspect of your data business, further reducing manual processes and the associated cost and risk.
Electra Data collects information from all of your sources, at any frequency, regardless of format and protocol – including any and all asset types – then consolidating, reformatting, normalizing and enriching data, delivered over a secure network.
With Electra Reconciliation, Electra Data provides a seamless solution for automating the investment manager to custodian reconciliation process.Elect
- Collects data
- From all of your sources
- In any format and protocol
- At any frequency
- Includes all asset types
- Transforms data
- Delivers data to you
- Single file, single source
- Over secure network
- The way you need it
- Reduces operational costs
- Mitigates risk
- Centralizes accountability
- Eliminates re-keying errors
- Simplifies operational flows
- Electra helps to resolve problems with late or missing data, no matter who is responsible
- Eliminates spreadsheet proliferation
- Client security credentials are not compromised
- Never a need to hire expensive technical staff