Overview
General Ledger
InvestPro contains a fully integrated general ledger that is used to generate financial statements for funds and portfolios and provide tight operational risk controls during unit pricing. The general ledger can be set to automatically updated with every transaction and event that occurs within the investment records and the corporate ledger. These are tightly integrated via our chart of the accounts mapping tool. The general ledger data is available for use when customising reports and controls for internal risk management purposes.
Mapping to the corporate ledger
Automated transaction posting
Fully integrated general ledger
Daily reconciliation of accounts
Key Benefits
Boost Investment administration efficiencies, reduce operational costs and mitigate risk
- Integrate your corporate general ledger directly to InvestPro
- Our mapping tool allows automatic syncing
- Powerful GL data available for deep analytics
- Rich controls to oversee compliance
- Increased internal risk management capabilities
Other Key Features
Asset Valuations Tax Accruals for UK Life Companies Unit Pricing and NAV Cash Allocation and Rebalancing Charges Trade Order Management Reconciliations Self-service web portal PRIIPs Fund Performance Oversight & Audit Solvency II QRTs Solvency II Unit Matching Box Management Trustee Investment Plan (TIP) Administration Individual Constant Proportion Portfolio Insurance (iCPPI)Asset Valuations
What it does for you
- Produce lightning-fast valuations
- All major asset classes covered
- Inbuilt links to external data providers
- Exception based automation facilitates operational efficiency
- Full drill-down records of past valuations as standard
- All fund structures covered, flat, tiered and a combination of both
Tax Accruals for UK Life Companies
What it does for you
- Accurate and up-to-date taxation accrual calculations as an integral part of portfolio valuations
- Allowance for complexities of life industry taxation code including CGT deemed disposals
- Full drill-down reporting on accruals to security level data
- Compute tax provisions for unit-linked funds subject to UK and Irish I-E tax based on a full application of the 'Income minus expenditure' rules
- Generate corporate tax calculations for the insurer's tax returns and financial statements
Unit Pricing and NAV
What it does for you
- Integrates with policy admin systems to capture policyholder requested fund transactions
- Market data interfaces to all major providers
- All major asset classes covered
- Full audit trail and history of records of past valuations
- Exception based reporting
- Accounting for asset disposals on the first-in-first-out or average cost basis
- Complex fund charging structures
- Allowance for UK ‘I-E’ taxation provisions for life funds
- Multiple valuations on a single date to fulfil separate requirements, e.g. regulatory reporting and unit pricing
Cash Allocation and Rebalancing
What it does for you
- Convert unit/share in Fund-of-Funds movements easily
- Synchronised timing of trade execution and unit creation
- Create new shares/units in collective funds directly from client cashflows
- Algorithmic calculation of trade orders and automatic placement of trades to market
- Implicit and explicit box management functionality for all funds
- Configurable compliance rules ensure allocations are checked before approval
- Automated Model Portfolio rebalancing and risk monitoring settings
- Manage growing fund volumes with the same human resource and cost base
Charges
What it does for you
- Automatic calculation of complex fee management structures
- Remove the risk of manual and offline charge calculations
- Display charges clearly on valuation statements
- Extensive reporting capability to meet regulatory requirements
- Comply with MiFID II cost and charges
- Calculates IDD charges and generates PRIIPs and KIDs
Trade Order Management
What it does for you
- Manage the entire trading life cycle efficiently
- Automated order management processing reduces errors
- Customisable workflows for different security categories
- Links to major trading platforms and settlement counterparties
- All trading stages and processes are user-configurable
- Alerts, rule breaches and management information analytics for increased oversight
- Scalable to millions of transactions per day
Reconciliations
What it does for you
- Reduce operational risk across investment administration
- Verified asset positions for robust reporting
- Reduce risk of mismatch with daily automated bank reconciliations
- Independent checks on trading functions
- Matches multiple banks to system transactions
- Find data exceptions before they become financial problems
Self-service web portal
What it does for you
- Improve client satisfaction with easy access to their investments
- Reduce administration by giving customers and advisors the ability to manage their portfolio
- Send validated customer captured trade instructions straight to market
- Configurable access rights for secure access to the InvestPro installation
- In-built rules and a breach mechanism provide continuous oversight
- Hosted solution for reliability and scalability
PRIIPs
What it does for you
- Automate KID production in a controlled environment
- Minimise dependencies on external parties
- Covers direct funds, fund of funds and single and regular premium PRIIPs
- Exception based processing to reduce risk
- Data analytics on the PRIIPs dataset
- Produces additional point of sale material
- Pre and post-sale PRIIPs including KID charges calculations
Fund Performance
What it does for you
- Integrate your corporate general ledger directly to InvestPro
- Our mapping tool allows automatic syncing
- Powerful GL data available for deep analytics
- Rich controls to oversee compliance
- Increased internal risk management capabilities
Oversight & Audit
What it does for you
- Meet compliance requirements and reduce financial and reputational risk.
- Pre-loaded with best-practice validation rule checks.
- Complete user control/ configuration over rule settings.
- Increase regulator, board and policyholder approval and satisfaction.
- Best of breed validation rules out of the box with easy customisation.
- Low touch, highly automated and exception based.
- Intuitive user interface makes configuration easy for all users.
Solvency II QRTs
What it does for you
- Automatic production of the asset QRT reports
- Integration with market data providers
- Integration with look through data providers: Morningstar, Bloomberg, Thompson Reuters, Silverfinch, Fitch, Moody’s
- Production of asset data for Pillar I calculations
- Rules and workflow management for corrective action on rule breaches
- Enrichment of asset data for Pillar I SCR calculations and Pillar 3 reporting
- Generation of enriched data files for group reporting purposes
Solvency II Unit Matching
What it does for you
- Comprehensive Box Management Functionality
- Automated data import, e.g. loading unit data from outsourcers or other group systems and importing total units and unit price calculations
- Transparent reporting and analytics
- Full internal audit trail of all actions, validations and data changes
- Dashboard to monitor the process and provide reporting and controls
- Monitor mass lapse events and trigger buyback, subject to liquidity
- Create/Cancel Units to match total policyholder liability
- Extracts to downstream systems as required
Box Management
What it does for you
- Automated data import, load unit data from outsourcers or other group systems
- Full internal audit trail of all actions, validations and data changes
- Dashboard to monitor the process and provide reporting and controls
- Monitor mass lapse events and trigger buyback, subject to liquidity for Solvency II unit matching usage
- Create/Cancel Units to match total policyholder liability
- Supports unit matching, deferring or backdating appropriations, and seeding of fund
Trustee Investment Plan (TIP) Administration
What it does for you
- Stakeholders can view the latest scheme valuations and transactions (as well as historic valuations/transactions)
- Stakeholders can view charges and fees
- Stakeholders can view performance reports
- Stakeholders can track and share scheme and fund performance
- Internally users can automatically accept scheme orders, place orders in funds and import contract confirmations
- Internally users can allocate cash and administer investment rebalancing for hundreds of schemes in minutes
Individual Constant Proportion Portfolio Insurance (iCPPI)
What it does for you
- Produce lightning-fast valuations
- All major asset classes covered
- Inbuilt links to external data providers
- Exception based automation facilitates operational efficiency
- Full drill-down records of past valuations as standard
- All fund structures covered, flat, tiered and a combination of both
Schedule a Live Demo
Need more information or want to arrange a demo of InvestPro? Contact our team today and we will be happy to help!