EFFECT FIN/s delivers a comprehensive built –in Accounting module, fully integrated with middle and back office operations, that helps companies to streamline business operations and accelerate demanding accounting needs. Companies can maintain a broad range of accounting entries generated from secure and dependable processes thanks to the single database approach.
Features for FIN/s Accounting platform include:
Customizable chart of accounts with a user friendly rules/mapping engine
Differentiation of accounting entries per asset class, portfolio classification etc.
Multi-currency ledger
Multiple Revaluation, amortization and accrual methods along with calendar options or end-of month and end-of-year rules
Accounting entries on trade date or settlement date of transactions with separation of fees and commissions from the net value of the transaction
Accounting entries for Revaluation, Amortization, Realized P&L, End of month exchange difference entries, Memo entries for units under investment
Compatible with third – party providers with online or batch interfaces