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Linedata And Electra Integrate Reconciliation And Fund Accounting Platforms

June 06, 2017

Linedata (NYSE Euronext: LIN) and Electra Information Systems (Electra) have announced the integration of Electra Reconciliation and Linedata Mfact, Linedata’s global fund accounting solution. The creation of a purpose-built interface between Electra Reconciliation and the Linedata platform provides Linedata Mfact users with immediate integration through an adapter created and supported by both Linedata and Electra assuring reliable and continued interoperability.

This integration enables traditional account reconciliation (positions, transactions and cash) and management, historical tracking and non-standard matching, and adds the capability to conduct more complex and sophisticated reconciliations such as system-to-system, NAV, P&L, collateral, n-way, intraday, security master and pricing. Additionally, Linedata Mfact clients now have access to a solution that presents a holistic, integrated view of positions, transactions and cash, allowing exceptions to be investigated and resolved more efficiently.

The combination of Electra Reconciliation with Linedata Mfact enables efficient end-to-end operations by automating the identification of exceptions and by providing greater visibility into the exception management process. Electra Reconciliation automates and simplifies reconciliation processes, reducing overhead costs and associated operational risks. This includes the recent introduction of an intuitive NAV/TPV (net asset value/total portfolio valuation) workspace, benefitting the fund service providers who struggle to reconcile a portfolio’s NAV—a critical component of client billing and reporting, along with support for intraday reconciliations and n-way reconciliations of multiple feeds.

“The evolving complexity of managing data is a constant challenge for fund administrators. Our clients have told us they are looking for solutions to drive operational and cost efficiencies while reducing risk through increased levels of control and transparency,” said Thierry Soret, Global Head of Fund Services. “Ensuring data integrity through reconciliation is one of the core pillars of fund administration. By providing integration between the Linedata Admin Edge platform (Linedata’s award winning platform for fund administration based on Linedata Mfact and Linedata Mshare and comprised of best-of-breed fund accounting, investor administration, income allocations and web reporting applications) and Electra’s award winning reconciliation application, Linedata can offer its clients a robust and scalable best-of-breed solution for reconciliation”.

“We are excited to extend our relationship with Linedata, bringing Electra’s reconciliation application and expertise to the growing community of fund administrators using Linedata Mfact,” said Ian Danic, Executive Director at Electra. “Accuracy of data is critical for fund servicers and working with Linedata helps us deliver automation and efficient reconciliation workflows to fund servicers around the globe.”

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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