With the ability to manage any type of cash entry within the system, the cashbook supports detailed postings to clients, brokers and intermediaries. Each record is associated to a default bank account and currency, with entries posted to the designated portfolio and (nominee) company bank accounts.
This area of the system provides a comprehensive facility for the capture, monitoring and processing of all forms of investment income, including the distribution and treatment of group 1 and group 2 units. In addition, comprehensive operational controls are available to support the associated regulatory and disclosure reporting requirements.
Symphony enables the highly automated processing of even the most complex corporate actions across all relevant accounts.
Symphony monitors daily and future settlement activity across broker and individual client accounts and includes interfaces to a variety of custodians for reporting and reconciliation purposes to deliver a fully automated STP solution.
Symphony provides a fully integrated and comprehensive safe-custody facility, allowing stock to be recorded across any combination of pooled, designated or client registrations.
A highly flexible nominal ledger is integrated to support internal controls and group accounting practices. Symphony combines an extensive array of event driven processes into logical investment related procedures, affording your organisation the ability to handle increased business volumes, whilst reducing the effort spent administering these demands by automating the daily and periodic bank reconciliation process.
Symphony contains automated reconciliation facilities for both cash and stock, taking in external electronic feeds to automatically reconcile positions and report on reconciled and unreconciled positions.