Linedata Mfact Builds Interface to Electra Reconciliation

Linedata Mfact Builds Interface to Electra Reconciliation
05.06.2017 07:45 am

Linedata Mfact Builds Interface to Electra Reconciliation

Investment Management

Linedata, the global solutions provider dedicated to the investment management and credit industries, and Electra Information Systems (Electra), the leading provider of state-of-the-art reconciliation solutions for the asset management industry, today announced the integration of Electra Reconciliation and Linedata Mfact, Linedata’s global fund accounting solution. 

The creation of a purpose-built interface between Electra Reconciliation and the Linedata platform provides Linedata Mfact users with immediate integration through an adapter created and supported by both Linedata and Electra assuring reliable and continued interoperability.

This integration enables traditional account reconciliation (positions, transactions and cash) and management, historical tracking and non-standard matching, and adds the capability to conduct more complex and sophisticated reconciliations such as system-to-system, NAV, P&L, collateral, n-way, intraday, security master and pricing. Additionally, Linedata Mfact clients now have access to a solution that presents a holistic, integrated view of positions, transactions and cash, allowing exceptions to be investigated and resolved more efficiently. As a result, the client experiences a better overall investigation process.

The combination of Electra Reconciliation with Linedata Mfact enables efficient end-to-end operations by automating the identification of exceptions and by providing greater visibility into the exception management process. Electra Reconciliation automates and simplifies reconciliation processes, reducing overhead costs and associated operational risks. This includes the recent introduction of an intuitive NAV/TPV (net asset value/total portfolio valuation) workspace, benefitting the fund service providers who struggle to reconcile a portfolio’s NAV—a critical component of client billing and reporting, along with support for intraday reconciliations and n-way reconciliations of multiple feeds. 

“The evolving complexity of managing data is a constant challenge for fund administrators. Our clients have told us they are looking for solutions to drive operational and cost efficiencies while reducing risk through increased levels of control and transparency,” said Thierry Soret, Global Head of Fund Services. “Ensuring data integrity through reconciliation is one of the core pillars of fund administration. By providing integration between the Linedata Admin Edge platform (Linedata’s award winning platform for fund administration based on Linedata Mfact and Linedata Mshare and comprised of best-of-breed fund accounting, investor administration, income allocations and web reporting applications) and Electra’s award winning reconciliation application, Linedata can offer its clients a robust and scalable best-of-breed solution for reconciliation”.

“We are excited to extend our relationship with Linedata, bringing Electra’s reconciliation application and expertise to the growing community of fund administrators using Linedata Mfact,” said Ian Danic, Executive Director at Electra. “Accuracy of data is critical for fund servicers and working with Linedata helps us deliver automation and efficient reconciliation workflows to fund servicers around the globe.”

Related News

7 out of 10 investors to increase P2P portfolios after the crisis

According to a survey conducted by the P2P lending platform Robo.cash, 68% of P2P investors... Read more »

COVID-19 accelerates shift in expectations for investment advice, finds DIAMAN survey

Investor perceptions towards investment advice have changed as a result of COVID-19 induced volatility, according to key findings from DIAMAN Partners Ltd. (DIAMAN)... Read more »

KBC Bank launches smart investment assistant Matti from Bolero, supported by Objectway

Objectway, a leader in the Digital Wealth & Asset Management software, and KBC Bank have announced, at the beginning of this year, the... Read more »

Avaloq launches Wealth platform to enable highly personalized investment management solutions

The Swiss-based wealthtech leader is launching a new stand-alone, core-agnostic suite of digital wealth management platforms.

Avaloq Wealth is... Read more »

Profile: UK-based Forte Securities selected Axia for their investment and custody operations

Profile Software, a leading financial solutions provider, announced today a new partnership in the United Kingdom with... Read more »

Corfinancial: ‘remote working during market turmoil has not affected our clients using Salerio’

corfinancial, a leading provider of specialist software and services to the financial services sector, reports that its clients have enjoyed uninterrupted... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel