WEST CHESTER, Pa.--(BUSINESS WIRE)--STP Investment Services, a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, funds, and plan sponsors, today announced a new strategic partnership with Electra Information Systems. The exclusive relationship allows STP Investments Services to expand its managed service and software solutions through its expertise with the utilization of Electra’s industry leading reconciliation solution, Electra Reconciliation.
The new partnership is designed to offer current and future Electra clients a total solution from technology through preparation and resolution of all reconciliation items. The partnership will assist clients with the operational burden through a STP managed service solution. The solution will simplify the clients’ operational needs and provide them with data transparency via STP’s proprietary dashboards and control reports. The pairing of the Electra Reconciliation platform with STP’s global business process capabilities and real-time client portal, enables smarter workflows, greater transparency and reduced operational risk.
“Clients are increasingly focused on data transparency and the ability to quickly identify reconciliation exceptions without adding additional dedicated staff. STP has a long history of building solutions that enable clients to focus on their core competencies. Our partnership with Electra brings an exciting combination of Electra’s award-winning data collection and matching tool with STP’s proven process and full integrated reconciliation dashboard,” said Patrick Murray, founder and CEO of STP Investment Services. “We’re thrilled that our new strategic partnership with Electra Information Systems will contribute to STP’s complete end-to-end reconciliation solution, providing an efficient and scalable solution to STP and Electra clients.”
“We are excited to continue to expand our relationship with STP Investment Services,” said John Landry, CEO of Electra. “In today’s world, operations managers are increasingly required to focus on gaining efficiencies and controlling costs. Electra’s global data hub and reconciliation technology enable STP to offer the managed service support and reconciliation expertise so managers can meet these challenges.”
In 2016 and 2017, Electra won both the Best Reconciliation Management Provider in Waters Technology Rankings, and the Best Reconciliation Solution in the FTF News Technology Innovation Awards.
About STP Investment Services
STP Investment Services is a collaborative partner providing scalable, transparent, middle and back office solutions to investment managers, funds, and plan sponsors giving them the technology, expertise and confidence needed to focus on core business objectives. In order to decrease operational risk and scale the business rapidly and effectively, investment managers, funds, and plan sponsors need to focus on people, processes and platforms. STP Investment Services, an international company with fully owned offices in the United States and India, provides a broad range of services for the asset management industry with capabilities to process all asset classes and meet ever-evolving business requirements.
For more information, please visit http://stpis.com/
About ELECTRA INFORMATION SYSTEMS
Electra Information Systems is an award winning innovative provider of proven post-trade software solutions for the asset management industry. The largest buy-side aggregator of investment accounting data, Electra is relied upon by institutional investment managers, hedge funds, insurance companies and plan sponsors for their data management command and expertise.
Electra partners with clients, which include more than 200 users in 11 countries and 40% of the top 75 and over a third of the top 200 asset managers, helping them significantly increase efficiency and reduce risk. With decades of collective subject-matter expertise, Electra is a specialized one-stop-source for post-trade processing solutions.
For more information, please visit http://electrainfo.com/