FTF News - by Eugene Grygo
Following Electra's win of the 2019 FTF News Technology Innovation award for Best Reconciliation Solution (its fourth consecutive win in this category), FTF News got time with Todd Sloan, Senior Vice President, Business Development and Product Management for Electra. Sloan says that the next release of the vendor’s flagship offering will feature machine learning and a fuzzy matching algorithm.
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.
Evan Fire, Pzena Investment Management
At this point, I would say that 98% of accounts are receiving automated feeds…Anytime you can minimize the human touch and allow a computer to say that it has matched 48 out of 50 transactions, and you only have to look at 2 things to figure out what might be an issue, you’re going to minimize the human error component.
Chris Hine, International Value Funds
Our experience with Electra has been wonderful from the start. Electra Reconciliation is one of the only reconciliation systems which can do a decent settlement date cash reconciliation. We have noticed continuous improvement in Electra Reconciliation since we began using it.
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