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Automate reconciliation and invoice management
with one comprehensive platform that integrates
seamlessly to back office systems.
eRecs provides the tools to manage and reconcile payables and receivables
accruals against back office accounting systems all from a single web-based
application. Our system integrates seamlessly with all major electronic brokerage
settlement platforms including Atlantis and GPS and can easily accept manual
invoices from individual brokers. One comprehensive system enables you to
reconcile and settle trades on electronic platforms, manually invoice direct bill and
non-electronic platform participants for unsettled trades, create invoices, record
receipts and payments, and monitor and manage exceptions.
98% Exact MatchesUp to 98% Exact matches on Day 1 for firms using Fee Calc
95%+Automated Workflow Actions for 95%+ of Volume for firms not using Fee Calc
Everything you need to know about current
settlements, matching trades and aged debt
can be accessed from a single intuitive interface.
eRecs creates daily and monthly statistics
on the productivity of the operations team.
eRecs offers summary level reports for
tracking accruals.
Our platform grows with your business,
providing streamlined payments and
receivables processing to futures trading
desks of all sizes at a reasonable price.
Highly customizable using the best in
class cloud technology.
eRecs supports electronic invoice formats and dispatch,
so that you can process payments and receivables in a
streamlined, paperless system. Our platform automatically
tracks the invoices you’ve created and paid and enables
your team to access this information through an easy-to-use
User Interface.
Our powerful smart matching engine flags discrepancies
that prevent straight through processing, enabling firms
to respond rapidly to data mismatches. eRecs identifies
problems with accruals on a daily basis, generating results
that can be used to advise of payments, create invoices
and make adjustments. Smart matching ensure that you
only have to fix a problem once, and you’ll never deal with it again.
eRecs connects directly with the Atlantis brokerage
settlement platform to help firms mitigate risk and
compliance lapses. All Atlantis actions —including holding,
affirming, rejecting and approving, as well as amendments
to trade facts — can be performed directly from the eRecs
interface. eRecs automates Atlantis Affirm, Approval, and Trade
Amend using a powerful AI-based rule engine and
Exception Management.
eRecs can plug directly into your existing back office and
accounting software, saving time, reducing errors and
enhancing your firm’s revenues and profitability. Tools can
be customized to meet your specific needs. Onboarding and
integration is quick and painless. Our intuitive, highly
customizable UI enables brokerage teams to get up to
speed in no time.
This add-on module enables users to compute fees on
trades based on their own trade economics. Fee Calc is
available in conjunction with eRECS, or as a stand-alone
service.
For each trade received into the system, Fee Calc matches
transaction details with the client’s executed agreements and
rate schedules. When a match is made, Fee Calc provides a rate,
rate type, calculated fee amount, currency, and matched agreement
ID. Upon completion, all trades enriched with fees are relayed back
for review and action. The process repeats whenever the give-up
agreement changes.
Call: 1.202.772.3000
Email General Client Support: clientservices@fia-tech.com
Call: 1.202.772.3000
Email Atlantis Support: atlantis.support@fia-tech.com
Call: 1.202.772.3000
Email Docs Support: docs.support@fia-tech.com
Call: 1.202.772.3000
Email OCR Support: ocr.support@fia-tech.com
Call: 1.202.772.3000
Email eRecs Support: erecs.support@fia-tech.com
Call: 1.202.772.3000
Email Databank Support: databank@fia-tech.com
