Gresham unveils cloud solution to improve data quality for investment managers

Gresham, a global leader in enterprise data automation for the financial services industry, is unveiling a major enhancement to its reconciliation solution, Control for Investment Management, previously sold under the Electra brand, which retains the solution’s patented, intelligent workflow and introduces a user-friendly web interface that simplifies daily oversight of critical data.

With over 100 active clients, the Control for Investment Management application has become the gold standard for investment managers, hedge funds, and other buy-side organizations seeking to efficiently reconcile their cash, positions, and transactions.

Control for Investment Management is also tightly integrated with Gresham’s market-leading Pulse Data solution, which aggregates vast amounts of investment data feeds for reconciliation, connecting more than 6,000 unique data feeds from over 1,600 global sources.

This single-vendor approach helps reduce complexity, provides a seamless experience for day-to-day operational tasks, speeds up the exception management process, and substantially reduces costs for investment managers, according to the vendor.

“Moving Control for Investment Management to a web-based solution is an important step forward and gives our clients faster access, more flexibility, and greater control. It’s the first of a series of exciting new product releases we’re rolling out to meet the evolving needs of financial institutions. It’s a strong sign of the investment we are making in our product roadmap and suite of cloud offerings,” said Ian Manocha, CEO of Gresham.

Alongside the new web interface for operations teams, Control for Investment Management now provides a robust application programming interface (API), enabling clients to automate the extraction and updating of records.

Additionally, embedded documentation makes it straightforward for users to learn and adopt new features, while Gresham’s specialist onboarding team provides dedicated support for large-scale asset managers and hedge funds, the company said.

For more information about this news, visit www.greshamtech.com.