Electra was acquired by Gresham Technologies, the leading software and services company specialising in solutions for data integrity and control, banking integration, payments and cash management, in June 2021.
But legacy systems and reconciliation solutions built to handle yesterday's volumes and message formats struggle to keep up. Designed for fixed data models with limited attributes, they cannot connect, reconcile, or control today’s complex data flows. Manual workarounds spring up and onboarding new controls consumes valuable resources and time. Preventable errors put your business at risk of service failure, financial loss, and reputational damage.
Used by the world’s largest tier one banks as well as multinational corporates, buy-side, sell-side, commodity, and retail firms, Control for intersystems is a reconciliation and control tool that ingests, validates and transforms data of any shape, size or volume at scale, in a single solution. No matter how complex your controls, you can build and manage them all in one place to increase efficiency, optimise resources, and minimise risk.
Both data and format agnostic, Control is acknowledged by the industry as one of the most technically advanced data control systems available, bringing powerful intersystem reconciliation capabilities with the ability to handle all the data attributes that matter most to you.
Control transactions, offer unrivalled visibility into your operations, and intelligently apply AI and heuristics to improve performance across your entire business - from trading desks and payments, to transaction reporting and finance.
In addition, embedded analytics empowers your people to make informed, data-driven decisions for even greater business success.
Increase in control onboarding capacity at a global bank
Transactions processed per day at a tier one corporate and investment bank
Time savings to onboard new transaction controls at a leading global clearer
Leverage our advanced rules engine and some of the fastest, most accurate matching in the industry to improve your straight-through-processing and increase efficiency.
Maintain the tightest control over your activity – and prove it to regulators – through stringent data quality and governance standards with ultimate data visibility and clear audit trails.
Quickly and easily build multi-way reconciliations and a holistic view of controls in a single solution, with rapid workflow and exception management tools for resolving issues.
Create and deploy new controls within days to ensure tight oversight of your data while meeting complex, frequently changing regulatory requirements.
Accelerate the launch of new controls by up to 97% with our self-service wizards.
Ensure your reconciliations grow with you, and that control processes do not hold back your progress or cost you opportunities.
View all data and controls in one place, and easily create interactive visualisations, dashboards and reports for greater insight and strategic business value.
Build faster, automate more, and minimise infrastructure consumption while still meeting regulatory requirements effectively.
Replace your inefficient and risky legacy systems with fast, simple compliance and controls in an increasingly complex regulatory and operational environment.
Reconcile any data in any format, across any area of your business
Onboard more controls with fewer resources, reduce operational costs, and eliminate the risks associated with legacy systems.
Tackle complex, non-standard controls, including derivatives and securities reconciliations, quickly while reducing manual tasks and risks of legacy environments.
Run Control reconciliations in an average of 7-10 minutes, compared with 10+ hours on legacy platforms.