AS Management automates accounting of mutual investment funds

The Avancore company performed automation of accounting of mutual investment funds in AS Management Management Company Ltd using the solution "Avancore: Management company".

Objectives

Main objectives of automation:

• Automate accounting closed mutual fund
• Automate calculation of reserves and remunerations
• Automate formation of the regulated reporting
• Automate accounting of procedural transactions

Solution

As the solution the software product "Avancore is selected : Management company", the mutual fund allowing to automate accounting for kvat. investors including to create reports on kvat. to investors. This solution allowed to automate accounting of monetary claims, including in currency: automatic loading of monetary claims and payment schedule, charge of debt on payments, formation of estimated value of monetary claims.

The Avancore company also developed the special algorithm of calculation of reserves and remunerations registered in account policy of UK "AS Management".