"AMK Finance" automates accounting mutual fund

On December 19, 2013 the Avancore company announced completion of automation of accounting of mutual investment funds in AMK Finance Ltd by means of the program "Avancore: Management company".

Project Tasks

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

Project Progress

As the solution the software product "Avancore is selected : The management company" - for accounting automation mutual fund for the qualified investors including to create reports on the qualified investors. The solution helped 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.

Advantages of the program "Avancore: Management company":

• accounting of all types and categories of share funds, including credit and mortgage funds and also funds for kvat. investors;
• transparency of data retrieveds in reports due to existence of interpretation that allows to trace history of any received digit in regulated reports;
• broad spectrum of analytical reports for the analysis of profitability of share funds;
• the convenient system of licensing – by quantity the mutual fund, but not by the number of users that allows to purchase additional licenses when the management company develops, but not when is necessary to the additional user access to the program.