eRecs

Integrated solution for complete brokerage management

eRecs

eRecs provides the tools to manage and reconcile payables and receivables brokerage flow against back office accounting systems all from a single web-based application.  Firms are able to reconcile electronic flow from all major brokerage settlement platforms such as GPS and Fees, as well data flow from individual brokers (manual invoices).  From the eRecs system, firms are able to reconcile trades, invoice for unsettled trades, records receipts and payments, and monitor/manage exceptions, all in one comprehensive tool.

  • Manage all brokerage in single platform
  • Fully integrated with Fees and CME’s GPS
  • All Fees actions –holding, affirming, rejecting, and approving- as well as amendments to trade facts can all be performed directly from the eRecs interface
  • Plug and play integration with internal bank systems
  • Supports electronic invoice formats and dispatch
  • Track and report on invoices generated and paid directly within the tool
  • FIA Tech expanding invoice network to directly ingest all invoices for firms

Reconciliation based, flexible/smart matching

  • Provides for instantaneous analysis of invoices in exception based model
  • Identifies problems with accruals on daily basis
  • Powerful matching engine
  • Results can be used to advise of payments, create invoices, make adjustments

Low cost/scalable hosted solution

  • Firms can integrate and onboard easily
  • Intuitive UI for brokerage teams
  • Highly customizable

Looking for help on eRecs?

Visit our eRecs Resources page for on-boarding requirements, FAQs and more.

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