Electra Reconciliation 5 Release Notes Version 5.5.14

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.

Evan Fire, Pzena Investment Management
At this point, I would say that 98% of accounts are receiving automated feeds…Anytime you can minimize the human touch and allow a computer to say that it has matched 40 out of 50 transactions, and you only have to look at 10 things to figure out what might be an issue, you’re going to minimize the human error component.

Todd Healy, BMO Global Asset Management
In our new business process, we don’t have to focus on who the custodian is. We simply work with Electra. They’ve already got interfaces with literally hundreds of custodians whose data they can add to the daily files we’re receiving from them. We’re not having to program and develop an interface for every single custodian that comes onboard, we simply rely on Electra to normalize that data and send it to us in a consistent format.

Matthew Baglio, AQR
When you have a technology platform where you can reduce the operational cost, you’re able to reallocate those bodies that were focusing on reconciliations to do different functions outside of recons.