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INSURANCE COMPANIES
Global Fund Solutions unique capabilities and wide-ranging investment and accounting solution package make it the undisputed choice for Insurance companies. With reporting requirements and complex global investment structures and regulations, insurance companies have found Global Fund Solutions integrated module structure helpful in managing subcomponents and high-level views of portfolios. Our investment management software is proven to increase back office operational efficiency, having a direct spill-over effect on front-office client satisfaction. We are changing the way the insurance industry looks at data management - and our clients agree. We invite you to learn more.
The foundation of any Insurance company – small or large –
is the organization and effectiveness of data.
With Global Fund Solutions, our clients have secure web-based access
to 4 integrated modules:
INVESTMENT ACCOUNTING
Whether our client is a large or small firm, one common thread exists-focus on the business as a whole. Efficient and accurate investment management enable our clients to focus on growing their business, not simply managing it. Within the Global Fund Solutions suite, many business and investment transactions are automatically derived from the Portfolio Management modules. However, for any necessary manual entries, our clients have the ability to add/modify or update the accounting module via the Accounting Module journal entry screen. In order to ease the cumbersome cash reconciliation process, a built-in reconciliation feature is available.By linking modules, our clients are saved hours of duplication work and manual processes to ensure accuracy, especially in times of quick business changes or month end practices.
The General Ledger functionality is critical for any business.
Within the Global Fund Solutions suite, many business transactions are automatically derived from the Portfolio and Client Relationship modules.
However, for any necessary manual entries, our clients have the ability to add/modify or update the accounting module via the Accounting Module’s journal entry screen. In order to ease the cumbersome cash reconciliation process, a built-in reconciliation feature is available.
By linking modules, our clients are saved hours of duplication work and manual processes to ensure accuracy, especially in times of quick business changes or month end practices.
PORTFOLIO MANAGEMENT
The Portfolio Management module has the capabilities to handle a comprehensive range of securities and investments including stocks, bonds, options, futures, and foreign currencies. In an effort to minimize manual entries of transactions and data, the system is capable of downloading trade transactions from custodians or brokers as well as investment prices from multiple sources. Transactions recorded in the Portfolio Management module are also reflected in the Accounting module simultaneously, completely eliminating manual duplication and error.
Global Fund Solutions also offers a unique and highly extensive bond management capability. This built-in system component can handle postings of principal and interest payments, amortization of premiums, accretion of discounts, and earned interest. It has the ability to manage any type of bond your firm may look at – from floating rate coupon bonds, Z-bonds, CMOs, and inverse bonds. With calculations performed by the software,
The Reverse Repo tracking functionality is an exclusive feature to Global Fund Solutions to accommodate our clients’ bond market position. This feature enables portfolio managers to accurately and effortlessly track profits and losses as a result of leveraging specific bonds.
COMPREHENSIVE REPORTING
We believe that in order to drive a business forward, data must be readily available. Global Funds Solutions’ comprehensive reporting tool enables our clients to run various predefined reports to better understand firm and partner specific performance for a specific date or date ranges. For example, the Reporting Tool runs Portfolio Management reports such as Realized Gains and Losses, Portfolio Values, Amortization and Accretion, Accrued Interest, and Investment Transactions. Accounting-related reports include Balance Sheets, Income Statements, Trial Balance and General Ledgers.
Though our comprehensive reporting tool has met the needs of many clients thus far, we understand that each client need varies. In order to exceed our clients’ preferences, we have a built-in a report-writer feature – allowing for additional reports to be customized and allowing Global Fund Solutions work for you.
OFX – DATA EXCHANGE
With the internet at the center of today’s global business environment, we have made it easy to share and exchange data between parties. The Open Financial Exchange is the specification for any electronic exchange of financial data between financial institutions, businesses and consumers via the Internet. The OFX/Data Exchange module handles the upload of any broker’s transaction files – eliminating nearly all manual entries associated with this task.
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