Second major industry award this year confirms Electra as the leading reconciliation solution for global asset management operations
Electra Information Systems (Electra), the leading provider of state-of-the-art reconciliation solutions for the asset management industry today announced it has been awarded the “Best Reconciliation Management Provider” by Waters Rankings 2016.
The award for Best Reconciliation Management Provider was earned by Electra Reconciliation as the result of a public voting by members of the buy-side community, which selected Electra Reconciliation from a record number of entries in the category. Electra was presented the award today at the Waters Rankings Winner’s Reception held at The Metropolitan Club in New York, NY.
The win is recognition of Electra’s continuous product innovation and investment in new partnerships. Electra recently introduced a powerful new NAV Reconciliation feature that provides visibility into the makeup of a fund's total assets and an innovative intraday process which allows users to immediately address reconciliation changes throughout the day. In June, Linedata announced the integration of Electra Reconciliation and Linedata Global Hedge Portfolio Manager, providing hedge fund managers with immediate integration through an adapter created and supported by both Linedata and Electra assuring reliable and continued interoperability. Earlier this year, Electra Reconciliation was awarded “Best Reconciliation Solution” by FTF News for its 2016 Technology Innovation Awards.
“The Waters award is further recognition of the work Electra has done to revolutionize the industry's approach to reconciliation and broaden its application beyond traditional custodian reconciliation,” said John Landry, CEO, Electra. “We are building on this momentum to continue delivering on the market demand for moving beyond basic match and report reconciliation products. ”