RecCollect and STaARS Integration
Electra Information Systems’ RecCollect and STaARS together provide one seamless solution
for automating the investment manager to custodian reconciliation process. Through
RecCollect an investment manager can obtain cash and securities asset and transaction
information on a daily, weekly, semi-monthly, monthly or “on demand” basis, fully
supporting the STaARS reconciliation process. Different accounts can be collected with
different frequency and holdings and transactions extracts can be set up separately.
Custodian data, collected by Electra, is made available to the investment manager
through a secure ftp connection to Electra.
A RecCollect connection utility is provided by Electra to automate the transport of data
from the Electra service to the investment manager, making this a “hands-off” activity.
The RecCollect connection utility also populates the appropriate STaARS directories
with custodian data so that the STaARS application has immediate access to RecCollect
data without manual intervention.
Reconciliation auditors can then focus on the reconciliation itself
without the distraction of related manual tasks.
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