Background
In today’s dynamic investment management environment, there is an increasing need for fund accountants and investment managers to accurately administer their portfolios and harness the information captured for value-added reporting and analysis. In this fast-paced internet-enabled world, timelines have become more compressed, and errors are clearly becoming less and less tolerable.

As a consequence only the most robust, customizable and scaleable system will be acceptable to today’s investment management community. More importantly, it is increasingly critical that these systems are fully integrated with organization’s objectives and structure rather than being packaged add-ons.

Drawing on the unparalleled industry experience of its business and systems professionals, Miles Software Solutions Pvt. Ltd. has conducted significant research into challenges that are faced by the finance and portfolio management function of leading investment Management Corporation. We found that many packaged solutions are unable to fully integrate with organization’s product needs/ requirements, due to inadequate functionality/ tailoring capabilities.

  The MoneyWare Advisor Advantage
Miles has developed a comprehensive system, MoneyWare Advisor that offers the flexibility to account for a full spectrum of funds and securities holdings, with added power of rich tracking and reporting tools. When you purchase MoneyWare Advisor, you purchase not just any software product but in fact a product backed by the unique class-leading integration capabilities of Miles information technology and specific industry consulting groups. Consequently, this system is fully customizable to the specific product/ functionality requirements of each organization. Additionally, our experienced consultants will work collaboratively with your business and information technology staff so that the implementation is completed in seamless fashion and this, in turn, results in more beneficial, long-term solution. Quite frankly, this is the MoneyWare Advisor advantage, pure and simple.

  What is in MoneyWare Advisor?

MoneyWare Advisor has been designed with the following modules with it.

• Client Profiling

• Client Relationship Management

• Equity

• Mutual Fund

• Derivatives

• Knowledge Management

  Client Registration
Client Information like contact details, personal details, contact details for operations and decision maker. Client can be mapped to primary and secondary relationship manager. It tracks the receipt date, value and quantity of securities given as initial corpus or additions made by the client subsequently

  Client Profiling
MoneyWare Advisor helps you profile your client with information about his preferred investment options, asset allocation, expectations from you, expected returns, preferences, previous relationships, prior experience in investing. Keeps tab on information sought for list of securities and sectors. It track products in which client is interested It can

  Portfolio Appraisal
MoneyWare Advisor can prepare a proposal for investments in equity and mutual fund. Portfolio appraisal for existing portfolio by making recommendations like hold / sell, based on the cash flow entered and generated further purchase recommendations can be made. Proposal in the form of existing investments, recommended sell and purchases and

  Client Activity Planner
Activities can be planned as per each client category, each activity can be assigned as daily or non-daily activities. In case of non-daily activities, periodicity can be setup for e.g. weekly, fortnightly, monthly, quarterly, half-yearly. System reminds relationship manager for the activities approaching the due dates. Daily activities which can be very simply be checked and tracked thru color codes.

  Client Interactions
Client Interaction provides emerging and mid-market companies strategies, processes and products to increase their business’s effectiveness. Every interaction is inputted by the relevant relationship manager with information like date, time, purpose, mode of contact, out come of the meeting, any further action is required to be taken and information would be made available to the relevant department. Each client interaction can be tracked on the basis of client, interaction type, date, open / close of event, etc.

Knowledge Management A knowledge base is a special kind of database for knowledge management. It is the base for the collection of knowledge. Normally, the knowledge base consists of explicit knowledge of an organization, including articles, research reports, white paper, and others.

  Corporate Action

User can either enter or upload various types of Corporate Action Announcements. These can be

• Dividends

• Bonus

• Splits

• Merger

• Demergers

• Rights

• Public Issues

  Portfolio Value
To provide flexibility, the Portfolio Value can be rerun any number of times. Thereby insuring no entries are missed out and providing tentative information to the Fund Manager. The system allows the User to recalculate PV, to add incremental entries passed or to return a particular item of PV or to make a total recalculation of NAV with deletion of stored values. However, the above process is not available after the PV of the day is closed by running an EOD process and authorized.

  Reports
MoneyWare Advisor generates a large number of reports and each report can be exported to various file formats such as MS Excel, HTML, etc. Reports have been divided in various sections like:

  Client Reports
Client reports can be scheduled and system automatically can send out as a PDF file. Client Reports can be generated at an Individual level as well as Group/Household level.

• Portfolio statement in order by exposure, group by sector and play type.

• Portfolio Performance

• Trading Summary

• Daily Trading Profit / Loss

• Largest Realised Profit / Loss

• Asset Allocation

• Movement of Corpus

• Transaction Statement

• Corporate Benefits

• Stock Flow Statement

• Gain / Loss Statement

• Investment Ledger

  Income Reports

• Short Term & Long Term Gain / Loss as per Income Tax Act.

• Dividend – Equity & Mutual Fund, giving status of realization.

  Management Reports

• Asset Under Management, giving details of Equity, Fixed Income & Cash

• Change in Market Value (NAV comparison & performance between 2 period)

• Portfolio Performance

• Portfolio Performance Comparison with Various Benchmarks

• Portfolio Register

• Fund Status, current cash balance and expected cash flow

• Security Cross Reference, gives list of clients holding a security

• Trade Activity, no of trades in a period

• Turnover Statement

• Consolidated Exposure Statements by Sector, Playtype, Value

• Asset Reconciliation

• Query Builder

  Portfolio Reports

• Largest Holding at Market

• Largest Unrealized Gains

• Largest Unrealized Losses

• Portfolio Summary

• Scrip Performance Vs Benchmark i.e. BSE Sensex, Nifty

  MoneyWare Advisor Alerts
MoneyWare Advisor allows you to setup alerts on various parameters and are send out to the desired e-mail ids.

• Stock/NAV Prices

• Volumes

• Cost

• Corporate Benefits

• Exceptions like Negative cash, stock etc

  Technology Infrastructure
MoneyWare Advisor is developed using Object Oriented Programming (OOP) techniques deployed on an open, scalable technology. The software is client server based using the following technology underpinnings.

The server configuration has a Microsoft Windows Server operating system for ease of use, scalability and open connectivity. The server database is initially configured with a Microsoft SQL Server relational database, which is fast, flexible, fully relational, and ODBC compliant. The client software that runs on your individual desktop is developed in ASP .Net (32-bit architecture) and will run under Microsoft XP/ 2000 or Windows NT operating systems.

The new technology allows for greater productivity due to an intuitive windows based interface that allows true multi-tasking capabilities. The system has leveraged the technology to offer greater connectivity to outside pricing providers, and a variety of information providers.

  Secure application environment
Users in the MoneyWare Advisor system are classified using Security Profiles. A security profile is similar to a job description with the software and allows users certain access privileges, based on their responsibilities.

Security constraints are activated at the client level, branch level, screen level and functions within each screen level. The user can define functional roles (job descriptions) within your organization and assign individuals and privileges to these roles.

  Salient Features

• Flexible Reporting. Used many standard reports or you create your own with tools such as Crystal Reports.
   

• Long and short trading. Long and short trading in all types of investments for equities.
   

• Electronic download/ upload from/to other system. Download/ upload transactions, securities, prices and positions from/to traders and custodian systems to eliminate duplicated data entry and reconciliation work.
   

• Open – standards client/server architecture multi – tasking efficiency. The system employs the Microsoft SQL Server. Other ODBC compliant databases can be used upon request.
   

• Scalable. Stand – alone users or large workgroups under customized application security may use the system.

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