Bad Recs Can Halt Office Growth: Q&A

August 07, 2018

FTF News by Eugene Grygo

John Landry, CEO of Electra Information Systems, talks to FTF News about industry issues and why the company won the Best Reconciliation Solution award for the third time in a row in 2018.

(Growth can be a double-edged sword for some securities firms as it will bring in new revenues and the potential for more profits. However, incumbent systems and operations will have to be adjusted to meet the new demands of the front office. So says John Landry, CEO of Electra Information Systems, in an interview with FTF News. The need to scale operations to manage the growing demands of portfolio managers and others in the front office has been a big driver for overhauls of reconciliation systems. Landry spoke to us about Electra's selection as Best Reconciliation Solution for three years in a row, and other matters.)

Why did Electra embark upon four major client-driven changes in 2017 — enhancements for pending trades, approval workflow, auditing and historical data accessibility, and event-driven reconciliation? 

Electra views our clients as an extension of our own product management team and the features added in 2017 were the result of that partnership. Our clients identified areas of opportunity that could provide maximum time-saving for their staff and we worked closely with them to enhance Electra Reconciliation to address each.

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Electra Information Systems, Reconciliation Solution, FTF News, Electra Blog Posts

Machine Learning vs. Intelligent Integration?

March 14, 2018

During a recent meeting, a prospective client reiterated just how much time they spend every day resolving exceptions. Most of the vendors they met with prior to Electra were touting improvements made to matching rates through machine learning or another technology innovation. This prospect questioned the actual time they would save in the investigation process by increasing match rates for their holdings and transactions data by a few tenths of a percent. Instead, our prospect saw through the buzzwords and noted that the vast majority of their exceptions are true breaks that often require them to leave the reconciliation application to diagnose why the break occurred and what steps are needed for resolution. 

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Electra Information Systems, Reconciliation Solution, Electra Blog Posts

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Client Testimonials

Tammy L. Johnson, Globeflex Capital L.P.
We’ve now been a client for over 11 years and the relationship remains strong. Electra keeps us well informed, continuously innovating and adding functionality. Electra provides information on the latest versions which allows us to take advantage of the latest enhancements as our business requirements change and evolve.
Tammy L. Johnson, Globeflex Capital L.P.

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