Buy-Side Technology Awards 2016: Best Buy-Side Reconciliation Platform/Service—Electra Information Systems
Electra wins Best Buy-Side Reconciliation Service as new capabilities address more buy-side demands.

"Electra continues to introduce groundbreaking reconciliation features that truly make a difference to both management and end-users," says Todd Sloan, product manager and senior vice-president at Electra Information Systems. Sloan says investment managers are looking to do more than simply reconcile positions, transactions and cash balances, and that it is no longer acceptable for buy-side firms' reconciliation technologies to neglect non-traditional, complex reconciliation data like net-asset values (NAVs), pricing, profit and loss, security master data, customer relationship management data, and collateral management data. He says Electra has established through conversations with the buy side that the ability to support any and all types of data reconciliation is becoming increasingly important for the global investment management industry.
To this end, Electra added a number of enhancements to its reconciliation platform during the course of the last year to address those demands.
The offering, formerly known as OpenSTaARS, already supports automatic identification of exceptions and provides users with transparency around that process. But recent enhancements mean that now the platform allows buy-side firms to define NAV buckets that they use to calculate overall NAVs, and true n-way reconciliation, allowing them to compare multiple datasets within the same view and to compare large data volumes quickly and seamlessly.
Sloan notes that Electra’s reconciliation platform uses a proprietary algorithm that identifies and excludes duplicate data, while allowing genuine reconciliation updates to enter the workflow. It also allows users to drill down into any NAV calculation in order to see positions and transaction activities.
These enhancements put the Electra platform in a strong position to address buy-side demands if and when they arise in the future. “Whether by reducing the redundancy found within an end-user’s reconciliation process or by providing operational transparency to senior management, Electra strives to find ways to reduce costs, mitigate risk, and extend the reach of reconciliation for our clients,” Sloan says.
Electra has established through conversations with the buy side that the ability to support any and all types of data reconciliation is becoming increasingly important for the global investment management industry.
He adds that the vendor’s approach to develop functionality directly demanded by the firm’s buy-side clients has served it well over the years. Electra’s reconciliation platform also won the best reconciliation management provider category at this year’s Waters Rankings.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology innovator of the year (end-user)—Ruchi Acharya Saraswat, RBC Capital Markets
Ruchi Acharya Saraswat, managing director, head of strategy and transformation, business and client services technology at RBC Capital Markets, wins technology innovator of the year (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Best company for diversity and inclusion (end-user)—BNP Paribas Portugal
BNP Paribas Portugal wins best company for diversity and inclusion (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Wellness/work-life balance award (end-user)—Sarah Mears, MUFG Investor Services
Sarah Mears, chief human resources officer at MUFG Investor Services, wins the wellness/work-life balance award (end-user) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Exchange professional of the year—Valerie Bannert-Thurner, Nasdaq
Valerie Bannert-Thurner, executive vice president and chief revenue officer of the financial technology division at Nasdaq, wins exchange professional of the year in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Rising star (vendor)—Hannah Sayson, S&P Global Marketplace
Hannah Sayson, lead product manager of the S&P Global Marketplace, wins rising star (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Data science professional of the year (vendor)—Kaja Zupanc, Duco
Kaja Zupanc, head of machine learning at Duco, wins data science professional of the year (vendor) in the 2025 Women in Technology and Data Awards.