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Powerful Platform, Integrated Modules
With a powerful centralized platform, FUNDLinx stores all of the data relevant to mutual fund trading and processing in one common Oracle database. The five integrated FUNDLinx modules let you use that data to trade, reconcile positions, calculate and track fee revenue, automate income processing, manage and reconcile cash. Designed with flexibility and scalability in mind, FUNDLinx grows with your business. As your business needs change, you can easily add modules to the FUNDLinx platform without having to reinvest in base functionality.
FUNDLinx’s flexible architecture and centralized relational database allow you to adopt as many of the functional business modules as you need, when you need them, to improve the way you process mutual funds.
The Trade Manager module serves as a centralized trade desk for all your mutual fund business, providing total control of the entire trade lifecycle. This module supports multiple trading partners and delivers straight-through processing with its seamless interface to the NSCC. Trade Manager maintains trade history with complete audit operator and date/time stamping of all transactional activity to ensure compliance with regulatory requirements.
The Revenue Manager module automatically calculates, tracks, invoices, posts and reconciles account servicing and distribution fees due from fund partners, and it performs the same functions for pass-through payables to brokers, trust accounts and other revenue sharing clients. Revenue Manager supports revenue and commission processing for accounts traded at an omnibus level, enabling accurate accounting of fees to multiple brokers on a single omnibus fund account. Revenue Manager can also age share lots at the individual account level using both LIFO and FIFO accounting methods and perform early redemption fee calculations by CUSIP and share class.
The Position Manager module fully automates daily share reconciliation for fully disclosed, omnibus and sub-account positions. Designed by career accountants, Position Manager elevates the reconciliation process well beyond traditional comparison and break reporting. Maintaining an internal trade blotter for each account, Position Manager builds an accurate position balance based upon all transactional activity. It performs an automatic comparison of this internal standard against reported positions from both the fund and the primary recordkeeping system with simultaneous tracking and aging of reconciling items. Position Manager can dramatically decrease the costs and errors by eliminating the manually intensive process of reconciling fund-reported positions with positions maintained by recordkeeping, trust and other asset accounting systems.
Automate the processing of all mutual fund income transactions with the FUNDLinx Income Manager module. This module receives and processes dividend and capital gain declaration data electronically via the NSCC’s Mutual Fund Profile Service or through any number of third-party data sources and then calculates dividends, capital gains and income on daily accrual funds and compares them with accrual amounts received from the fund. Income Manager supports income processing for accounts traded at an omnibus level, allowing calculation of expected dividends down to the sub-account level.
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