Electra Managed Services

    Organizations looking to garner higher yields from complex asset class investments are routinely forced to rely on inefficient and inherently risky manual processes in operations, accounting and reporting.

    Limitations of middle- and back-office solutions for asset managers leave their all-important reconciliation process struggling to keep up with volumes and maintain a high level of accuracy and efficiency. Not to mention supporting these requirements with robust technology and expertise can quickly become arduous and expensive. Reconciliation is usually left for either under-trained staff, or experienced veterans who are already stretched thin and focused on more strategic functions. 

    That’s where Electra comes in. 

    Rapid, Cost-Effective and Efficient

    Electra's Managed Reconciliation is an ideal choice for companies who do not want to invest in their own IT staff, data centers, servers and other costly infrastructure. It provides rapid, cost-effective and highly efficient reconciliation processing and support in a secure hosted environment, without the high fixed costs of running it in-house. It also includes data aggregation services for all external parties such as banks, prime brokers, counterparties, and fund administrators.

    Near-Turnkey Reconciliation Processing

    • Requires no process to build, software to install, or IT staff to train
    • Provides seamless access to Electra Reconciliation
    • Reduces implementation time and high fixed costs
    • Scales up or down with a variable cost structure
    • Includes integrated data aggregation services
    • Staffed by highly skilled professionals

    KEY FEATURES

    Explore the many features of Electra Managed Reconciliation, from full implementation to maintenance, accounting and reporting:

    • Mapping of all manager and bank files
    • Normalizing and translating all necessary data sets
    • Setting specific match rules and tolerance level per data set
    • Creating basic “smart searches” per reconciliation type
    • Building custom reports to your firm’s specifications
    • Automating the daily/monthly reconciliation process
    • Providing end-user Training
    • Documenting your entire environment setup
    • Secure file delivery procedures and maintenance
    • Notification and monitoring of late data files
    • Late data management and investigation with frequent status updates
    • Re-transmission and re-importing of data should there be failures during the originally scheduled run
    • Coordination of any re-transmission of manager data should there be failures during the originally scheduled run

    A dedicated professional will execute the following:

    • Edit/Revise mappings and translations as directed by the client or bank
    • Alert, coordinate and fix mapping and translation issues
    • Onboard additional accounts, banks, brokers, external feeds
    • Building a new reconciliation process to support new accounts
    • Comprehensive best practices for all reconciliation processes
    • Interest Income
    • Dividend Income
    • Withholding Tax-Dividends
    • Other Income – Taxable
    • Miscellaneous Write-off
    • Miscellaneous Expense
    • Cash and Holdings Roll Reports
    • Match and Unmatched Cash, Holdings and Transactions
    • Cash Proof Reports
    • Un-cross referenced security codes, accounts codes, transactions type codes, etc.
    • Pending trades
    • Trend analysis report(s)

     

    Learn more about Electra Managed Services today