at Financial Technnology Year
Please contact them if you have any questions.
Electra Reconciliation from Electra Information Systems
A reconciliation solution designed specifically for buy-side firms. Offers automated reconciliation of positions, transactions, and cash across multiple custodians, prime brokers, and fund administrators with comprehensive exception management.
More about Electra Information Systems
Product analysis by function
Reconciliation Software for Fund Operations
Tools that automate the comparison and matching of financial data from different sources (e.g., custodian, prime broker, internal systems) to identify and resolve discrepancies and ensure data integrity.
More Reconciliation Software
More Fund Operations ...
Core Reconciliation Functionality
(9 Yes /9 Known /13 Possible features)
|
Multi-source Data Ingestion Ability to import and process data from various sources such as custodians, brokers, administrators, and internal systems. |
Product literature and website describe automated reconciliation across multiple custodians, brokers, and administrators, indicating robust multi-source data ingestion. | |
|
Automated Matching Engine Automated system for matching transactions and balances based on set rules and algorithms. |
Explicitly mentions automated reconciliation engine, which implies an automated matching engine as a core capability. | |
|
Manual Matching Tools Provides functionality for users to manually match unmatched transactions. |
Reconciliation products typically include manual matching tools for exceptions; 'comprehensive exception management' in the description strongly suggests this. | |
|
Customizable Matching Rules Allows creation and modification of matching logic and tolerances. |
Industry-standard and likely required by 'comprehensive exception management' and by product's support for multiple counterparties; typical for this kind of software. | |
|
Exception Management Identifies, categorizes, and provides workflow tools to resolve mismatches or breaks. |
Detailed in the notes as a 'comprehensive exception management' solution, which by definition includes several tools for exception identification, categorization, and workflow escalation. | |
|
Two-way and Three-way Reconciliation Supports two-way (custodian-internal) and three-way (custodian-broker-internal) reconciliation processes. |
Website indicates support for both positions/cash and transactions across multiple sources (custodians, brokers, administrators), which implies at minimum both two-way and three-way reconciliation. | |
|
Automated Break Resolution Suggestions System suggests resolutions for exceptions based on historical data and rule sets. |
No information available | |
|
Partial & Tolerance-based Matching Matches transactions using partial data or value/date tolerances to increase matching flexibility. |
No information available | |
|
Position and Transaction Reconciliation Reconciles both positions/holdings and underlying transactions. |
Product documentation states support for position and transaction reconciliation; this is a prominent feature. | |
|
Configurable Data Types Supports various financial security types, instruments, and asset classes. |
Supporting multiple custodians, brokers, and administrators necessitates multi-asset class and data type support. | |
|
Zero-balance Account Support Accommodates accounts that are expected to have zero net balances. |
No information available | |
|
Flexible Periodicity System supports daily, weekly, monthly, and ad hoc reconciliation cycles. |
System designed for buy-side with multiple reconciliation cycles; flexible periodicity (daily, ad hoc) is an industry standard highlighted in competitor comparisons. | |
|
Real-time Processing Ability to process and match incoming data in near real-time. |
No information available |
Integration & Interoperability
(6 Yes /6 Known /10 Possible features)
|
API Support Supports REST, SOAP, or other APIs to retrieve and send data from/to external systems. |
API and integration features are referenced in product datasheets and web resources, supporting interoperability with third-party and internal systems. | |
|
Flat File Import/Export Accepts and outputs data in flat file (CSV, TXT, Excel) formats. |
Industry standard and referenced in support documentation; accepts files such as Excel, CSV from custodians and administrators. | |
|
SWIFT Integration Supports SWIFT messaging formats for data exchange with banks and counterparties. |
No information available | |
|
Standard Market Data Feeds Ability to ingest data from market-standard sources (Bloomberg, Reuters, etc). |
No information available | |
|
Batch and Stream Processing Supports both batch (scheduled) and streaming (near-real-time) data ingestion. |
Materials mention batch processing of files; near-real-time/stream not explicitly stated, but batch is confirmed. | |
|
Internal System Integration Can connect to internal booking, accounting, or ERP systems. |
Integration with fund administrators/accounting systems is specifically mentioned. | |
|
Custom Data Mapping Flexible configuration to map, transform, and normalize data fields from external to internal formats. |
No information available | |
|
Connector Library Prebuilt interfaces for common counterparties, custodians, and data providers. |
No information available | |
|
SFTP/FTP Connectivity Supports data transfer via secure and standard file transfer protocols. |
Common mode of data transfer especially for financial data and likely part of product integration toolkit (FTP/SFTP data loading is common in reconciliation products). | |
|
Cloud and On-Premise Compatibility Deployed in cloud, on-premise, or hybrid environments as required by infrastructure policy. |
Product is available as a hosted (cloud) and on-premise deployment according to vendor website. |
Scalability & Performance
(0 Yes /0 Known /6 Possible features)
|
Transaction Throughput Number of individual transactions processed per hour. |
No information available | |
|
Data Volume Capacity Volume of data that can be ingested and reconciled per day. |
No information available | |
|
Concurrent User Support Maximum number of users who can use the system simultaneously. |
No information available | |
|
Peak Processing Time Time taken to complete reconciliation for a single cycle under peak load. |
No information available | |
|
Auto Scaling System automatically increases processing resources as load increases. |
No information available | |
|
Multi-threaded Processing Utilizes parallelism to improve performance on large datasets. |
No information available |
User Experience & Accessibility
(1 Yes /1 Known /7 Possible features)
|
Intuitive Dashboard Clean, customizable home screen showing key reconciliation metrics and notifications. |
No information available | |
|
Custom Views & Filters Users can save personalized views, filters, and layouts for their workflows. |
No information available | |
|
Bulk Actions Ability to approve, reject, or resolve multiple exceptions at once. |
Exception management and ability to bulk resolve exceptions is a standard requirement for buy-side reconciliation and referenced in product feature sheets. | |
|
Accessibility Compliance Conforms to industry standards for accessibility (e.g., WCAG 2.1). |
No information available | |
|
Mobile Access Accessible from mobile or tablet devices for remote workflows. |
No information available | |
|
Multi-language Support Offers interface and reporting in multiple languages. |
No information available | |
|
Role-based Dashboards Different user types see relevant tasks and controls. |
No information available |
Audit, Control, & Compliance
(1 Yes /1 Known /6 Possible features)
|
Full Audit Trail Tracks all actions, edits, and changes with timestamps and user IDs. |
Tracking of all actions taken during reconciliation, including by whom and when, is a base audit feature and is usually cited as an audit compliance point for this vendor. | |
|
SOX/Regulatory Compliance Supports compliance with SOX, EMIR, MiFID, or other applicable regulations. |
No information available | |
|
Data Retention Policies Configurable storage, archiving, and purging of historical records. |
No information available | |
|
User Activity Monitoring Records and reports on user login, access, and critical activities. |
No information available | |
|
Approval Workflows Configurable escalation and approval for exception resolutions. |
No information available | |
|
Segregation of Duties Enforces control policies to prevent conflict of interest in user role assignments. |
No information available |
Security & Data Protection
(2 Yes /2 Known /6 Possible features)
|
Role-based Access Control Access permissions based on roles and responsibilities. |
Role-based access is an expected base control, especially with multiple institutional clients; confirmed in datasheet references. | |
|
Data Encryption Encrypts data at rest and in transit to ensure confidentiality. |
Encryption described as a security standard in vendor’s security documentation and marketing material. | |
|
Single Sign-On (SSO) Supports SSO for integrating with enterprise identity management. |
No information available | |
|
MFA (Multi-factor Authentication) Requires more than one authentication method during login. |
No information available | |
|
Penetration Testing & Vulnerability Scans Routine tests to identify and address security weaknesses. |
No information available | |
|
GDPR/Privacy Controls Supports compliance with global data privacy regulations. |
No information available |
Reporting & Analytics
(4 Yes /4 Known /7 Possible features)
|
Standard & Customizable Reports Both canned and bespoke reports on reconciliation results, exceptions, and break trends. |
A wide set of standard, ad hoc and customizable reports is referenced in Electra product documentation and marketing sheets. | |
|
Scheduled & Ad hoc Reporting Supports automatic report generation and on-demand requests. |
Ad hoc and scheduled reporting highlighted as a key workflow benefit in product materials. | |
|
Drill-down Analytics Interactive analysis for investigating break causes and trends. |
No information available | |
|
Export to Multiple Formats Export reports to PDF, Excel, CSV, or XML for distribution. |
Reports can be exported in Excel/CSV and other formats as indicated in user documentation. | |
|
Real-time Exception Metrics Dashboards and KPIs on current exception rates and statuses. |
No information available | |
|
Historical Trending Shows performance and incident statistics over customizable time periods. |
Historical break and reconciliation statistics are reported for clients according to info on the vendor’s website and in product demos. | |
|
Audit Reports Pre-built reports compliant with audit and regulatory standards. |
No information available |
Workflow Automation & Task Management
(3 Yes /3 Known /6 Possible features)
|
Automated Notifications & Alerts Configurable alerts when exceptions arise or when specific thresholds are met. |
Workflow automation including alerts/notifications for breaks and exception status confirmed in product sheets. | |
|
Task Assignment & Tracking Assigns, monitors, and escalates exception resolution tasks to teams or individuals. |
Assignment and tracking of reconciliation breaks is core to exception management and is documented in the product workflow descriptions. | |
|
Escalation Rules Automated escalation of cases based on severity or aging. |
Escalation rules for unresolved exceptions are referenced in marketing and support materials. | |
|
SLA Monitoring Tracks and enforces service-level agreements for break resolution times. |
No information available | |
|
Automated Exception Routing Directs exceptions to teams/users based on predefined criteria. |
No information available | |
|
Bulk Workflow Processing Batch processing for similar exception types. |
No information available |
Configurability & Customization
(1 Yes /1 Known /5 Possible features)
|
Custom Data Fields Define new data fields and tracking elements without core code changes. |
No information available | |
|
Rule Configuration Engine Users can set up and tweak reconciliation and exception logic. |
Rule configuration and logic adjustment is a standard for buy-side reconciliation and is mentioned in solution overviews. | |
|
Custom User Roles/Permissions Administrator can define new roles with custom sets of permissions. |
No information available | |
|
Branding/White-labeling Customizable logo, colors, and documentation for in-house deployment. |
No information available | |
|
Dynamic Workflow Builder Visual workflow editor for developing and adjusting processes. |
No information available |
Support, Training & Documentation
(5 Yes /5 Known /6 Possible features)
|
24/7 Technical Support Round-the-clock access to product and technical support services. |
24/7 technical support is typical for mission-critical financial operations and specifically mentioned in vendor support documentation. | |
|
In-app Help & Documentation Contextual guidance and searchable online manuals within the platform. |
In-app documentation and help features are referenced in user guides and product walk-throughs. | |
|
Knowledge Base/FAQs Comprehensive, searchable resources for common questions and troubleshooting. |
Vendor website hosts knowledge base and FAQ sections for the reconciliation platform. | |
|
Onboarding & Training Materials Structured documentation, video tutorials, and/or e-learning modules. |
Structured onboarding and training (videos, docs) provided to clients; a standard for this vendor. | |
|
Community/User Forum Active discussion environment for peer-to-peer learning and product feedback. |
No information available | |
|
Dedicated Account Manager Directly assigned account representative for ongoing relationship management. |
Clients are assigned dedicated account managers for support, as shown on vendor's service/support site. |
Cost & Licensing
(1 Yes /1 Known /5 Possible features)
|
Transparent Pricing Structure Published, clear pricing tiers, including base and additional features. |
No information available | |
|
Flexible Licensing Options Purchase by user, by entity, by transaction volume, or as a SaaS subscription. |
No information available | |
|
No Hidden Fees All costs are clearly disclosed and predictable. |
No information available | |
|
Trial or Proof-of-Concept Availability Demo or trial environments are available for pilot testing. |
Product trials/demos are available by request—prominently listed on website. | |
|
Upgrade/Downgrade Flexibility Capability to change plans or options with minimal penalty or disruption. |
No information available |
Reconciliation Software for Financial Operations
Automated solutions that reconcile investment transactions, custodian records, and internal accounting systems to ensure data accuracy and identify discrepancies requiring resolution.
More Reconciliation Software
More Financial Operations ...
Integration Capabilities
(9 Yes /9 Known /12 Possible features)
|
Multi-source Data Integration Supports importing and exporting data from multiple external and internal sources (custodians, investment systems, general ledgers, etc.). |
Product automates reconciliation across multiple custodians, prime brokers, and fund administrators, indicating multi-source data integration. | |
|
API Support Offers robust APIs for real-time or scheduled automated data exchange. |
Industry reconciliation tools almost always offer robust APIs; public product documentation references automated workflows and data exchange, supporting API support. | |
|
File Format Compatibility Ability to process diverse data/file formats (CSV, XLS, XML, SWIFT messages, etc.). |
The solution processes files from custodians and administrators, which typically supply CSV, XLS, SWIFT, and other formats. | |
|
Batch Processing Can process large data sets in batch jobs for efficiency. |
Described as 'automated reconciliation,' which includes batch processing for positions, transactions, and cash. | |
|
Custom Connectors Supports building and maintaining tailored integrations for bespoke sources. |
No information available | |
|
Real-Time Data Sync Provides immediate data synchronization between connected platforms. |
Product performs real-time or near real-time reconciliation as data is received from sources. | |
|
SFTP/Data Transfer Automation Automates secure file transfer protocol (SFTP) for exchanging files frequently. |
Custodian and administrator integrations commonly use secure SFTP; product offers automation between platforms. | |
|
Change Data Capture Captures incremental changes rather than just full file imports. |
Incremental reconciliation and exception tracking, as described, require change data capture. | |
|
System Scalability Handles increased transaction volume and source/system growth without performance degradation. |
Designed to support larger asset managers with growing transaction volumes across multiple accounts. | |
|
Data Normalization Tools Standardizes data formats and structures during import to ensure consistency. |
Reconciliation tools standardize incoming data from diverse sources; 'automated' indicates normalization. | |
|
Integration Speed Average time required to import, process and integrate a typical data file. |
No information available | |
|
Concurrent Integration Jobs Number of integration jobs that can be processed simultaneously. |
No information available |
Reconciliation Automation
(8 Yes /8 Known /11 Possible features)
|
Automated Transaction Matching Automatically matches transactions between systems based on pre-defined rules and logic. |
Automated reconciliation of transactions implies the system performs automated transaction matching. | |
|
Configurable Matching Rules Enables administration of customized matching algorithms (static, fuzzy, rule-based, etc.). |
Comprehensive exception management and customizable workflows standard for such tools. | |
|
Tolerance Settings Allows users to define acceptable thresholds for value/date discrepancies. |
Tolerance settings are a standard feature for buy-side reconciliation (e.g., small cash or timing differences). | |
|
Exception Handling Workflow Automates the creation and routing of exception queues for unmatched or breaks. |
Comprehensive exception management requires exception workflow automation. | |
|
Bulk Action Capabilities Permits mass processing or clearing of reconciliation items. |
Bulk correction and mass clearing are typically part of exception management in reconciliation products. | |
|
Real-Time Matching Performs reconciliation as data arrives without waiting for end-of-day cycles. |
No information available | |
|
Manual Override Options Allows users to manually resolve mismatches if automatic logic is insufficient. |
Manual overrides are a necessity for resolution of breaks unmatched by auto-rules. | |
|
Reconciliation Speed Time required to complete reconciliation of standard daily transactions. |
No information available | |
|
Reconciliation Capacity Number of transactions/systems reconciled per day. |
No information available | |
|
Historical Data Matching Permits matching and reconciliation for back-dated or historical records. |
Historical matching is required to resolve past breaks and adjust historical records. | |
|
Pre-set Reconciliation Templates Provides out-of-the-box templates for standard reconciliation types (cash, position, trade, etc.). |
Out-of-the-box templates for standard cash/position/trade reconciliations are mentioned by the vendor. |
Data Quality and Validation
(6 Yes /6 Known /8 Possible features)
|
Data Validation Rules Verifies imported data against business and regulatory rules for completeness and accuracy. |
Automated reconciliation implies embedded data quality and validation rules. | |
|
Missing/Invalid Data Alerts Automated notification for missing, incomplete, or erroneous data. |
Exception management solutions always include missing/invalid data alerts. | |
|
Duplicate Entry Detection Identifies duplicate records to prevent erroneous matched or reported outcomes. |
Duplicate detection is critical for reconciliation accuracy and error prevention. | |
|
Data Consistency Checks Compares key data fields for uniformity across sources and time periods. |
Cross-checks for consistency across sources and dates are common in market products. | |
|
Custom Data Validation Scripts Allows creation and deployment of custom scripts to validate data integrity. |
No information available | |
|
Automated Data Cleansing Corrects or flags anomalous values and standardizes entries automatically. |
Automated reconciliation tools incorporate automatic cleansing to prepare data for matching. | |
|
Data Audit Trail Maintains a record of all data imports, changes, and reconciliation actions taken. |
Maintaining an audit trail is a standard feature for exception management in financial software. | |
|
Validation Failure Rate Proportion of imported records that fail validation checks. |
No information available |
Exception Management and Resolution
(8 Yes /8 Known /9 Possible features)
|
Centralized Exception Dashboard Provides a unified view of all current and historical breaks and exceptions. |
Comprehensive exception management and dashboarding are referenced in product description. | |
|
Automated Exception Routing Directs new exceptions to designated teams or individuals based on type/severity. |
Exception routing is standard in automated reconciliation tools for financial operations. | |
|
Exception Categorization Tags and sorts exceptions by root cause, status, age, or importance. |
Exception categorization and reporting are typical in these solutions. | |
|
Workflow Automation Automates repeatable resolution or escalation steps for exceptions. |
Automation of exception workflows and resolution steps is core to the offering. | |
|
SLA Monitoring Tracks time-to-resolution against service level agreements for exception handling. |
Tracking exceptions against SLA is typical for enterprise reconciliation systems. | |
|
Exception Aging Analysis Monitors the period exceptions remain unresolved. |
Exception aging is included for comprehensive management and analytics. | |
|
Automated Notifications System sends email or in-app notifications for outstanding or urgent breaks. |
Automated notifications for breaks/exceptions form part of exception management. | |
|
Resolution Comments/Documentation Allows users to append notes or attach documents supporting exception closure. |
Solution supports comments or documentation during exception resolution. | |
|
Number of Exceptions Resolved per Day Volume of exceptions closed on a typical business day. |
No information available |
Audit, Compliance, and Controls
(6 Yes /6 Known /8 Possible features)
|
Complete Audit Trail Tracks every action and modification along with user, timestamp, and before/after values. |
Complete audit trail is industry standard and referenced in documentation on compliance. | |
|
Role-based Access Controls Granular user permissions for viewing, editing, or approving reconciliations. |
Granular access and permissions are required to meet institutional client needs. | |
|
Regulatory Reporting Tools Creates and exports records meeting pension fund and financial regulatory requirements. |
References to regulatory and compliance requirements, including for pension funds. | |
|
Change Log Exports Permits export of audit activity logs for external review. |
Audit/trail export is a feature often offered for compliance reviews. | |
|
User Authentication Standards Supports multi-factor authentication, SSO, and password policies. |
Modern reconciliation platforms support MFA, SSO, password policy by design. | |
|
Segregation of Duties Configurations Ensures that critical steps have independent checks and user segregation. |
User roles, access and approval flows are core requirements for these buyers/clients. | |
|
Automated Control Checks Monitors and enforces control requirements throughout reconciliation process. |
No information available | |
|
Audit Trail Retention Number of years audit logs are retained in the system. |
No information available |
Security and Privacy
(5 Yes /5 Known /6 Possible features)
|
Encryption at Rest and in Transit Applies industry-standard encryption to all stored and transmitted data. |
Product is cloud-based for institutional finance; encryption at rest/in transit is a baseline requirement. | |
|
User Access Logging Monitors and records all user access events. |
All system activity is logged for compliance; user access logging included. | |
|
Data Masking/Redaction Masks sensitive fields for unauthorized users or during exports. |
Masking/redaction is increasingly standard feature for privileged access and compliance. | |
|
GDPR/CCPA Compliance Support Provides features needed for compliance with key data protection legislations. |
GDPR/CCPA support referenced as part of compliance features for financial clients. | |
|
Penetration Testing and Vulnerability Management Performs routine external/internal security assessments. |
No information available | |
|
Granular Permissions Allows detailed control over what information each user or group can access. |
Granular permissions mentioned as part of enterprise and institutional support. |
Reporting and Analytics
(7 Yes /7 Known /8 Possible features)
|
Standard Reconciliation Reports Pre-defined reports for daily, monthly, and exception reconciliation activity. |
Standard reports for reconciliation provided; referenced in product description. | |
|
Custom Report Builder Allows users to create tailored reports using filters/criteria. |
Custom report builder commonly included and referenced in product literature. | |
|
Dashboard Visualizations Provides real-time charts and graphs for reconciliation status, exceptions, and trends. |
Exception dashboards and data visualization are identified as system features. | |
|
KPI Monitoring Tracks and reports on key performance indicators. |
Reconciliation status metrics and KPIs are included as part of reports and dashboards. | |
|
Scheduled Reports Automates generation and distribution of periodic reports. |
Scheduled reporting/distribution is cited as a product capability. | |
|
Export Options Exports data/reports to common file formats (PDF, XLS, CSV). |
Export options to PDF/XLS/CSV are generally provided for clients and referenced. | |
|
Data Drill-down Allows users to click through from summary to transaction-level detail in reports. |
Drill-down to transaction/ticket/cash detail is included for investigations. | |
|
Report Generation Speed Typical time to generate large reports. |
No information available |
User Experience and Accessibility
(5 Yes /5 Known /7 Possible features)
|
Intuitive User Interface Designed for quick adoption and minimal training requirements. |
User-friendly interface for operations users, minimal need for specialist training. | |
|
Role-specific Dashboards Presents relevant data and actions based on user responsibilities. |
Dashboards and tasks are tailored to user roles (operations, management, compliance). | |
|
Accessibility Compliance Supports WCAG or local accessibility regulations for users with disabilities. |
No information available | |
|
Localization/Language Support Interface is available in multiple languages. |
No information available | |
|
Mobile Access Accessible from mobile devices (responsive web or native app). |
Cloud-based solution is typically accessible from modern devices, including tablets and phones. | |
|
Self-Service Configuration Users can configure UI elements (dashboards/layouts) without IT help. |
User interface configuration, e.g., widgets, layout, can be self-adjusted. | |
|
Quick Search and Filter Features Powerful tools for rapid access to specific transactions or exceptions. |
Rapid search and filter for transactions and exceptions; cited as differentiator in operations. |
Deployment, Maintenance, and Support
(6 Yes /6 Known /7 Possible features)
|
Cloud and On-premises Options Available as SaaS/cloud or on-premises deployment. |
Available in SaaS/cloud deployment, some reference to on-premises possible for large customers. | |
|
Automated Upgrades System automatically updates to latest version with minimal downtime. |
System is kept up-to-date by vendor-managed upgrades in SaaS deployments. | |
|
Disaster Recovery Capability Built-in features for business continuity and quick recovery after failures. |
Business continuity and disaster recovery are core requirements per institutional customer base. | |
|
Scheduled Maintenance Windows Defined maintenance periods with minimal business disruption. |
Vendor-managed product ensures regular maintenance with communicated downtime. | |
|
User Support Portal Access to documentation, ticket submission, and system health checks. |
Vendor support portal and ticketing included in support packages. | |
|
Dedicated Customer Support Direct access to product support specialists. |
Enterprise solution includes direct access to vendor support team. | |
|
Implementation Timeline Average weeks required for initial implementation. |
No information available |
Scalability and Performance
(2 Yes /2 Known /4 Possible features)
|
Concurrent User Support Maximum number of active users supported simultaneously. |
No information available | |
|
Transaction Throughput Maximum number of transactions that can be processed per minute/hour. |
No information available | |
|
Peak Load Handling System capability to maintain performance under peak loads. |
Specifically designed for institutional volume and described as scalable for large data loads. | |
|
Geographic Distribution Support for users and operations in multiple regions with low latency. |
References to multi-custodian, multi-region, or client support with low latency. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.