Integration with general ledger to generate accounting entries
Accounting completes VALUE's Straight Through Processing (STP) offer and allows users to automatically integrate accounting entries into the General Ledger in accordance with national accounting rules, by breaking down trades into appropriate accounting postings. This integration can be done at real settlement date, thanks to links with payment and settlement engines.
Key Benefits
- Fully customisable set-up.
- Global fund and investors' account views.
- Management of a broad range of corporate actions.
- Rule-based engine giving maximum flexibility simultaneously to accounting entities, booking methodology and internal accounting rules (British GAAP, French GAAP, US GAAP).
- Compliant with all standard accounting rules such as International Financial Reporting Standards (IFRS).
- Broad range of security features such as configurable user rights, confidentiality, and audit.
- Management of subscription/redemption, cash transfers and fees management at the accounting level.
- Dynamic revaluation rules are available for Marked-to-Market process. Multiple reporting breakdowns such as balance sheet and P&L views are available on request.
- Postings from hedging strategies are managed as recommended in International Accounting Standards.
- Accounting blotter is available to display the list of postings.
- Accounting balance sheet generation for comparison with custodians and fund administrators.
- Accounting Summary is available to provide an overview of the assets, liabilities and revenue per account entity.
- Line picking performed at the front office level (ability to manually pair off long and short transactions) is taken into account at the accounting level.
- Amortisation rules can be processed with several methods.
- Accounting reporting capabilities such as cash balance, using Crystal Report 2008.
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