Electra Reconciliation
Overview
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