STP Announces Strategic Partnership With Electra Information Systems
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.