Datasoft Accounting and Financial Modules
Datasoft Financials which is a part of the FxOffice Suite delivers a complete, integrated
financial management solution to ensure measured and predictable business performance.
Finance is an essential part of any successful business strategy and Datasoft Financials
provides a solid foundation to control your business, measure efficiencies throughout
financial processes and ensure comprehensive accounting and financial reporting.
Expanding businesses require financial information that is current and accurate.
Datasoft Financials delivers real-time integration with its entire software suite
which will provide you with immediate financial accounting and management accounting
functionality to enable confident decision making. The global economy demands decision
makers have access to relevant and accurate information and Datasoft Financials
delivers your most demanding accounting and financial reporting requirements.
Financial Institutions, Banks and Credit Unions are complex especially when dealing
with fast paced, high volume transactions and market fluctuations. Credit exposure,
currency exposure, interest rate risk exposure and liquidity all require financial
management automation which provides greater insight into market fluctuations, financial
risk and account payable and receivable functions. Datasoft Financials has enhanced
functionality to meet these complex financial management requirements. Since Datasoft
FxOffice Suite is a single integrated platform, financial data is current and reconciled
throughout all core business lines whether you are a small institution, a multi-branch
environment or a multi-national entity.
Datasoft Financials integrates to all Datasoft components and modules and create
a unified Financial Management platform with a wide range of features including:
- General Ledger
The integrated foundation of all Datasoft FxOffice component allows for real-time
integrated financial data. The general ledger core supports:
- Multi-currency for all products
- Multiple reporting currencies
- Multiple cost centers and performance accounting
- Multiple-legal entities and consolidation
- Budgets and forecasts
- Position management and Inventory
Currency positions, interest rate risk and liquidity management functions are managed
with Datasoft’s comprehensive set of modules:
- Real-time currency position watch
- Cross currency pair inventory blotters
- Currency pair forward ladders with real-time p&l reporting
- Mark-to-market revaluation;unrealized and realized financial recording
- Asset-liability management and time charts
- Treasury Core
Sending and receiving money with partner banks, correspondent banks and financial
institutions is embedded with Datasoft Financials keeping data visible and current.
Datasoft enhances treasury processes are enhanced with:
- SWIFT Connectivity
- Payment channels via electronic connectivity to bank relationships
- Bank reconciliations and Nostro reconciliations
- Cheque Positive-pay and Reverse positive-pay reconciliation
- Liquidity forecast and cash positions
- Asset Liability Management
Datasoft Financials integrates robust subledger systems for effective Asset Liability
management. This allows streamline information to provide up-to-the minute visibility
of cash positions and accelerated financial risk reporting. This will provide you
with functionality such as:
- Offer multi-currency demand deposits accounts, interest bearing investment accounts
and money market accounts to your clients.
- Utilize powerful fees and interest module with complete accounting and process integration
- Invest or lend cash pools and float with comprehensive cash position reporting to
manage liquidity risk while maximizing investment returns
- Report on real-time capital adequacy ratios with confidence
Datasoft Financials is the solution for Financial Institutions enabling you to effectively
manage your business by streamlining financial and managerial accounting. You will
gain control from the thorough integration of the entire Datasoft Suite and create
a foundation for growth, transparency and control over all financial management
processes.
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