The
Funds Management domain has experienced considerable growth over the years with
much of it fuelled by increased cross-border activity and the prevalence of globalisation.
Managing operations effectively in this environment whilst the industry is in a
state of rapid growth is proving to be difficult, given the manual nature of tasks
and the likelihood of significant discrepancies.
A complete mutual fund distributor’s back office solution, Fundboss reduces the
need for manual data entry, ensuring increased accuracy and efficiency through a
wholly integrated secure platform. Fundboss comes equipped with a central repository
that stores all relevant information such as transaction tracking, brokerage calculations,
brokerage reconciliation and commission calculations, allowing for accurate auditable
records and avoids duplicity in investor creation. The solution also provides a
web platform for customers to check their portfolios with the current net asset
value, and profit and loss.
Key Features
- Provides portfolio tracking at different levels that include:
o Registrar
o Asset management companies (AMC)
o Scheme
o Branch
o Relationship managers (RM)Investor
- Supports investments, redemptions and switches/Imports:
o Investor details
o Transaction details
o Assets under management details
- Calculates:
o Brokerage Receivable
o Commission Payable
o Portfolio, Allocation, Returns
- Reconciles:
o Brokerage
o Commission
o Assets Under Management (AUM)
- Comprehensive Drilldown Reporting