Thomson Financial, an information, news and technology provider, has launched Thomson PORTIA Settlements Solution, a complete end-to end platform that Thomson says allows institutional asset managers to execute a seamless process from trade execution and reconciliation to portfolio accounting and management.
To provide the solution, Thomson is introducing two new modules – PORTIA Notify and PORTIA Recon. PORTIA Notify provides for the reconciliation of securities holdings, transactions and cash between books and records of an investment manager and custodian banks. PORTIA Recon supplies the automation and transmission of securities trade notification messages.
Integration of the modules results in an end-to-end platform which Thomson claims offers asset managers greater accuracy, improves external communications, enhances efficiency and control, and reduces headcount. Thomson worked closely on the project with Electra Information Systems, a provider of reconciliation, trade automation and settlement solutions.??
“PORTIA Notify and PORTIA Recon modules automate a number of manual middle-to-back office processes usually handled by additional personnel,” says Christen Bremner, managing director, Thomson PORTIA “By seamlessly integrating the modules with our world-class portfolio accounting system, asset managers gain convenient access to a comprehensive range of data and transaction information, all on single desktop.”