Electra Reconciliation

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In today’s complex, heightened economic environment, you need effective, efficient reconciliation processing.

Electra Reconciliation, formerly known as STaARS, is a turn-key business tool that enables greater control of investment options. An innovative, intuitive and dedicated platform – which can be installed onsite, delivered via SaaS, provided as a hosted and managed service, as well as offered as a scalable solution for startups to meet any of your firm’s specific needs – providing an integrated and consolidated view of your positions and cashflow.

Electra Reconciliation is a flexible tool that opens and resolves exceptions based on your specific rules. It has the capability to provide daily reconciliation and reconciles more quickly at month-end, as well as positions and transactions for all security types – across multiple systems and parties.

As Electra Reconciliation is designed to automate processes against the traditional time- and paper-intensive manual method you’ll be reducing both overhead costs and associated operational risks. You will now have the flexibility to concentrate on what’s really important – your business.

Key Features

  • Opens and resolves exceptions based on your rules
  • Reconciles as often as daily
  • Reconciles more quickly at month-end
  • Reconciles positions and transactions for all security types
  • Reconciles among multiple systems and parties
  • Links related unmatched transactions, positions and cash
  • Automatically notifies appropriate internal and external parties
  • Ages outstanding exceptions
  • Facilitates trend and risk analysis
  • Maintains a complete audit trail, along with notes
  • Utilizes flexible, industry standard, best practice matching rules
  • Is scalable to your needs, running on internal or SaaS platforms

Key Benefits

  • Resolve problems more quickly
  • Mitigate trading risks
  • Increase efficiencies
  • Gain control of potential risk exposure
  • Fully invest idle cash
  • Enhance your customer service
  • Expedite billing
  • Promote transparency and accountability across your organization
  • Manage your staff's workload
  • Manage your own complex business processes
  • Create personalised reports and views of information
  • Never need to hire expensive technical staff
  • Gain a holistic view of your exposures
  • Begin to reap the benefits of STaARS quickly

Product/Service details