New York – June 20, 2017 – Electra Information Systems (Electra), a provider of proven post-trade solutions and the largest aggregator of investment accounting data for the asset management industry, has won the 2017 FTF News Technology Innovation Award in the category “Best Reconciliation Solution.”
By selecting Electra Reconciliation as winner, FTF News readers recognized the groundbreaking new developments in functionality, processes and industry partnerships that Electra introduced in 2016.
Significant enhancements to Electra Reconciliation during the year included a first-of-its-kind ‘n-way’ reconciliation that identifies the differences between any number of data sources; a powerful net asset value (NAV) reconciliation feature that provides visibility into the makeup of a fund’s total assets at a granular level; and an innovative intraday process that allows users to identify and manage exceptions as they occur, thereby eliminating risks caused by delayed overnight matching processes.
Electra continues to partner with other industry-leading providers of buy-side systems to offer interoperability to our mutual customers. In June, seamless integration between the Electra Reconciliation suite and Linedata Global Hedge Portfolio Manager was established. In August, Eagle Investment Systems and Electra announced an extension of their partnership to provide a bespoke interface linking Electra Data and Electra Reconciliation with Eagle, resulting in a unified data and reconciliation solution that handles complex and sophisticated reconciliations.
“We are thrilled to have won the FTF News Technology Innovation Award again in 2017,” said John Landry, Chief Executive Officer, Electra. “The award affirms the value of our working closely with clients to extend the capabilities of Electra Reconciliation. The addition of n-way reconciliation has long been a need in the investment community, particularly for hedge funds reconciling with fund administrators and prime brokers. We are delighted to provide this capability, along with the ability to handle intraday reconciliations and NAV reconciliations. The support shown by our clients and others in the industry suggests we are on the right track and we look forward to meeting the needs of our growing user community well into the future.”
Electra is the largest independent provider of reconciliation solutions specialized for the buy-side and Electra Reconciliation has been nominated as Best Reconciliation Solution every year since the inception of the awards, and won awards in 2012, 2015 and 2016.
Notes to Editors
ABOUT ELECTRA INFORMATION SYSTEMS
Electra Information Systems is an award winning innovative provider of proven post-trade software solutions for the asset management industry. The largest buy-side aggregator of investment accounting data, Electra is relied upon by institutional investment managers, hedge funds, insurance companies and plan sponsors for their data management command and expertise.
Electra partners with clients, which include more than 200 users in 11 countries and a third of the top 50 and top 200 asset managers, helping them significantly increase efficiency and reduce risk. With decades of collective subject-matter expertise, Electra is a specialized one-stop-source for post-trade processing solutions.
For more information, please visit www.electrainfo.com.
ABOUT THE FTF NEWS TECHNOLOGY INNOVATION AWARDS
The purpose of FTF News Technology Innovation Awards is to celebrate and recognize the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during 2016.
For more information, please visit www.ftfnews.com.