The Essential Link Between Reconciliation and Golden Source Data

March 15, 2021

By Todd Sloan

Investment managers maintain multiple copies of the same data throughout their post-trade environment often relying on manual activities to distribute and reconcile internal data movement. As more investment managers embrace the use of a central data repository to store important investment accounting and client-related information, it is increasingly important for reconciliation to play a key role to ensure all related systems across the front, middle and back offices are fully synchronized using the same golden source data. By doing so, firms can eliminate or significantly reduce the risks associated with delivering inaccurate or outdated information to downstream systems.

There are many challenges when distributing data between the golden source and the systems that rely on this information.

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reconciliation, investment operations, investment management, investment accounting, golden source data, salesforce, corporate actions data

Smart Reconciliation and What’s Next for Buy-Side Investment Managers

February 16, 2021

 

A Q&A discussion with Electra’s SVP of Client Services, Paul Chung

How can buy-side investment managers best leverage technology to build a smart and collaborative reconciliation function in the face of unprecedented market volatility and volume? Electra’s Paul Chung explains the increasing importance of reconciliation to reduce risk and improve overall operations, and the technology and outsourcing capabilities that are positioning buy-side firms to conquer the next big operations challenges.

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Investment Managers, investment operations, buy-side, investment management, post-trade operations, data aggregation, reconciliation technology, smart reconciliation, outsourcing

How Electra Managed Services Helps Asset Managers Streamline Operations in Challenging Market Environments

January 19, 2021

By Paul Chung and Jennifer McMackin

In the strains of operating remotely during an uncertain economic environment coupled with high market volatility and more stringent regulations, it becomes even more critical for investment operations managers to have automated and streamlined processes. High volumes of transactions and data is the new norm. The front lines of the industry have received plenty of expert advice to help firms address ongoing concerns of endowments, pension plans and other clients.

But how much attention has been paid to the back office and the important role it plays to support client interactions while also mitigating operational and compliance risk? How resilient will firms’ post-trade operations remain in remote work environments? Should firms outsource key parts of their reconciliation process to reduce the risk of multiple points of failure?

In recent years, and especially now, the asset management community is adopting Electra’s managed services for reconciliation and data aggregation. Here’s why.

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investment operations, buy-side, best reconciliation solution, investment management, managed services, post-trade operations, data aggregation, back office, reconciliation services

Two Major Data Challenges Buy-Side Investment Managers Still Face – And What They Can Do About It

January 04, 2021

By Jennifer McMackin



Many investment managers’ trade reconciliation and other post-trade processes are still burdened with the inefficiencies of collecting, normalizing and validating data from third-party sources. A typical investment management firm receives numerous data feeds on securities, positions and transactions. This creates more work for operations teams to manage data and maintain provider links, while causing workflow and settlement risk and delays due to errors and manual effort.

Is this the best way to acquire and aggregate external data, and utilize your staff’s time and resources? Is your firm potentially missing out on opportunities to optimize processes and spend more time on strategic areas? Let’s explore the two main data aggregation challenges investment managers face and what they can do about it.

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Data Reconciliation, investment operations, investment management, post-trade operations, data aggregation, back office, Electra Data

Hedge Funds: Choose the Right Partners to Meet Investors’ Operational Due Diligence

October 21, 2020

By Todd Sloan

Over the last few years, our clients across the investment management community have seen a heightened focus on operational due diligence driven by a surge of institutional money into hedge funds. In addition, several fraud cases have caused significant losses for even the savviest investors. Regulators are also shining a bright light on hedge funds as they have gained popularity across both retail investors and pension plans. Having the right technology and third-party relationships in place is more important than ever before.

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reconciliation, Hedge Funds, investment operations, investment management, due diligence, operational due diligence, data aggregation, operational risk, back office

The Security Illusion in the Face of COVID-19

April 15, 2020

By Scott Rhodes and Todd Sloan

When we think about the transition from office worker to home worker, we think first about IT security: “lock it down!” Unfortunately, that mantra misses the big picture. McKinsey & Company says the most valuable asset of a firm is its people, and it is the operations-intensive environment of investment management reconciliation that underscores this sentiment. The role of skilled people and automation at the center of mission-critical, post-trade processes is apparent from both the standpoint of security and business continuity to eliminate single or multiple points of failure. That means not only protecting the business from being harmed by others; it also means ensuring business operations remain robust and efficient.

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reconciliation, investment operations, buy-side, COVID-19, investment management, managed services, remote workers

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