News

Aronson & Johnson To Deploy Recon Tool…

May 06, 2005

Aronson+Johnson+Ortiz is implementing the Securities Transaction and Asset Reconciliation System from Electra for reconciliation with custodians. As the fund manager has added several clients, it makes sense to automate reconciliations between the manager and the largest banks with which it does business said Aronson+Johnson.

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Evergreen Enters Agreement to Digitize Reconciliation

December 20, 2004

Evergreen Investments, the asset management arm of Wachovia, is deploying DataPIPE from Electra Information Systems to create an automated reconciliation environment for some custodian reconciliation transactions. Some of them were handled manually, a situation that has existed since J.L. Kaplan was acquired in 2002.

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Bessemer Automates Recon

December 06, 2004

Bessemer Trust Co. is installing the Securities Transaction and Asset Reconciliation System and the Custodian Reconciliation Data Collection Service from Electra. The objective is to improve the timing of reconciling accounts, shortening the period to a day.

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GoldenTree Takes Automation Plunge

November 01, 2004

GoldenTree Asset Management is implementing the Securities Transaction and Asset Reconciliation System, STaARS, from Electra. The platform automates reconciliation among prime brokers and custodians.

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Wells to Harness Data Platform

October 11, 2004

Wells Capital Management, the asset management arm of Wells Fargo Bank, has licensed RecCollect DataPIPE, a custodian data collection and normalization platform from Electra. The company says it expects to be able to do a daily cash and position reconciliation, rather than weekly or monthly.

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Investment Manager Signs On to Recon System

March 07, 2004

Richmond Capital Management has implemented Electra’s Securities Transaction and Asset Reconciliation System (STaARS) application to automate the custodial reconciliation process. Richmond Capital was replacing a manual process with the application.

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Electra Releases Investigation, Case Management Module

January 11, 2004

Electra Information Systems has launched an investigation and case management module for the STaARS reconciliation application as an optional add-on enhancement to STaARS 6.0, which will be released at the end of January 2004.

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Pzena Gives Thumbs Up to Recon. System

October 26, 2003

Pzena Investment Management has agreed to use the Securities Transaction and Asset Reconciliation System (STaARS) and Custodian Reconciliation Data Collection Service (RecCollect) from Electra. Pzena was seeking a reconciliation system, as it was manually reconciling holding statements to custodian statements.

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New York Investment Firm Weighs Recon Vendors, Trade Matching

September 21, 2003

Pzena Investment Management plans to automate reconciliation and is deciding between products manufactured by Electra and FMC. Pzena said reconciliation is a very manual labor intensive process and an automated system will allow Pzena to immediately locate exceptions, a time-consuming process under the current back-office scheme.

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WestLB Sub Installs Electra Software to Digitize Recon, Cash

September 07, 2003

WestLB Asset Management has licensed and installed Electra‘s STaARS application and subscribed to Electra’s RecCollect service to automate cash and securities reconciliations. The benefits of the application and service include a more efficient reconciliation operation, and enable companies to work with their custodian to correct errors as early as possible.

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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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