The Renaissance Investment Management group upgrades the automation equipment of business processes by new implementation

The 1C-Rarus company automated process of conducting passive transactions with Mutual funds in Renaissance Investment Management group using the software product "1C-Rarus: Mutual investment funds".

Tasks

Expansion of the customer base of shareholders and increase in volumes of transactions with shares of mutual funds, caused acceptance by company management "the Renaissance the Investment management" decisions on transition to the new platform allowing to automate business processing of client primary documents, their accounting in a back office and the reporting. Also, implementation of a possibility of processing of large volumes of data was one of essential requirements to the new automated control system (ACS).

As a system for creation of a back office on accounting of passive transactions with Mutual funds the standard solution "1C-Rarus is selected: Mutual investment funds", created on the 1C:Enterprise 8 platform.

As the partner the 1C-Rarus company is selected.

Result

As a result of implementation:

The subsystem on accounting of passive transactions of mutual funds is created:

• The full stroke of work with requests for acquisition, repayment, exchange, transfer of shares – from receipt of the request in a system before preparation for the client of the documents confirming the transaction accomplishment fact is automated.
• A system allows to trace a request status at any stage of works: creation, confirmation, execution. Provides the high processing speed of large volume of the requests for execution of operations with investment shares arriving from the front office.

Transactions, work-related agents are automated:

• Providing the statement about the performed operations (agency transactions).
• Calculation and payment of an agency fee.
• The information system helps agents quickly and to qualitatively service clients. Provides control of correctness of filling of the requests accepted by agents. Controls passings of the request in management company and obtaining reports on performing transactions.

The non-standard subsystem of the analytical reporting is implemented:

• Client reporting.
• Reporting under remuneration of agents.
• Reports on remunerations of management company.
• Report on accounting of purchase and sale agreements.
• Fast obtaining information necessary for the management is provided; an opportunity to quickly carry out reconciliation of data with PRSD (the First Specialized Depositary).