SynPlus “Stockbrokerage” is a complete system for automating and handling the transactions and information needs of a Brokerage firm, a Finance Company or an Asset Management Firm. It provides a wide set of Accounting and Management reports that aid in decision making being a valuable tool in planning the strategy of the firm.
The package includes a user friendly, dynamic ordering system with validation of client balances and stock of securities and automated updates with the stock exchange.
Furthermore it supports direct update of Portfolio and Investor Clients records, including corporate actions and automated updates of management and other related fees. Asset Management and Margin accounts are supported by a wide set of standard reports with portfolio valuation and analysis. The system includes Export and Import processes that are used to exchange information with Finance Companies and Banks. It is one of the modules of SynPlus ERP software and is fully integrated with SynPLus Accounting. It can also be interfaced with other accounting systems (upon confirmation with Synthesis).
The Market prices can be updated when required using data exported either from the Stock exchange or downloaded form the Stock exchange side on the Internet. The daily prices can be accessed both through an enquiry or a report and they are used in portfolio valuations.
Most time consuming transactions are entered into the system using automated (batch) processes (Bonus/Split Entry, Conversion, Dividends, Rights/Warrants Issue, Instalments/Exercise, Portfolio Fees, Stock Corrections, Interest Calculation) or imported from stock exchange and other data files accordingly. Transactions are entered into the system manually only when necessary, for example client payments and receipts.
The system administrator can specify safety margins for security unit price, allow stock quantity to go negative (for which case the system will automatically create over sales adjustments, if needed, for portfolio and investors when the stock becomes available), minimum amount for commission at transaction or order level if via imported trades, stamps, sale tax, stock exchange fees and other fees rates.
The system provides a multitude of standard reports/documents (almost 100) including balances, ageing, portfolio, contract notes, cheques etc. Multiple keys are used to sort the reports according to the report type. The reports can either include analytical records or Sub-totals and Grand totals only. Page break is also available after each sorting code if selected.
