Linedata improves reconciliation for managers
14 June 2016 Paris
Image: Shutterstock
Linedata and Electra Information Systems are collaborating to simplify reconciliation processes for clients through integrating the Linedata Global Hedge portfolio management tool with Electra Reconciliation.
The integration is intended to remove complicated manual processes and use of spreadsheets, stopping duplicate processes and avoiding errors that could prove costly and time-consuming later. Also, automated identification of exceptions will allow clients more visibility into the exception management process.
For Linedata users, processes will be made simpler for traditional account reconciliation such as positions, transactions and cash, as well as non-standard reconciliation such as system-to-system, collateral, security master data and pricing data.
Electra has also recently introduced a net asset value (NAV) a total portfolio valuation workspace, designed to support investment managers that may struggle to reconcile portfolios’ NAV.
The two systems will integrate through a purpose-built interface supported by both Linedata and Electra.
Patricia Regnault Fouqueray, Linedata’s European head of asset management, said: “Hedge funds have told us about their desire to achieving accurate and timely reconciliation across their portfolio holdings. Providing hedge funds with integration to Electra’s award winning reconciliation application delivers a robust and best-of-breed solution for reconciliation.”
The integration is intended to remove complicated manual processes and use of spreadsheets, stopping duplicate processes and avoiding errors that could prove costly and time-consuming later. Also, automated identification of exceptions will allow clients more visibility into the exception management process.
For Linedata users, processes will be made simpler for traditional account reconciliation such as positions, transactions and cash, as well as non-standard reconciliation such as system-to-system, collateral, security master data and pricing data.
Electra has also recently introduced a net asset value (NAV) a total portfolio valuation workspace, designed to support investment managers that may struggle to reconcile portfolios’ NAV.
The two systems will integrate through a purpose-built interface supported by both Linedata and Electra.
Patricia Regnault Fouqueray, Linedata’s European head of asset management, said: “Hedge funds have told us about their desire to achieving accurate and timely reconciliation across their portfolio holdings. Providing hedge funds with integration to Electra’s award winning reconciliation application delivers a robust and best-of-breed solution for reconciliation.”
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