eQuate brings to financial institution the extreme control on Business Operations with its Back Office counsel.

Back Office Systems Integration
The interface to OSS is a batch importation process designed in three layers. The first layer parses the files into a Java representation. The second layer interprets the data in Java and passes the result to the third layer. The third layer validates and stores the data in the database. This architecture allows reusability across institution specific file formats and book keeping systems.

The interface to OMS and MFO is transactional. It is using a CICS-like protocol. A scalable connection manager allows to share connections across large number of web users. Order statuses can be retrieved synchronously or asynchronously, to the preference of the institution. The asynchronous implementation significantly reduces costs for large institutions.

The integration is made easy when starting using eQuate application with daily book keeping system files. eQuate also support many different file types such as ASCII, EBDIC, UFF and NONUFF.

Back Office Management
This module addresses a deficiency in book value maintenance for most institutions using OSS. OSS fees to maintain book values for all accounts and to render these book values available to the portfolio management system are prohibitive. The equivalent function in eQuate is the Corporate Action module.

Also you'll find many other features related to back office management such as Off-book management, Household reconciliation, and security management.

Flat Fee Management
This module allows institutions to offer flat fee management, also called WRAP accounts, to their clients. Flat fee accounts get charged based on the asset under management instead of commissions on transactions. A lot of flexibility is provided for creating predefined packages, fixing pricing schedules, reviewing charges, accounts billing and reporting. The process is fully automated including invoicing and billing. A history is kept for later retrieval.

Compliance Regulations
Regulation is becoming an important issue today. eQuate allows financial institutions to Authorize client credit, and verify compliance and conformity to investment objectives. Also analyzes account activity to identify discrepancies between investment objectives and actual positions. Transaction risk is controlled at the source by managing users’ trade authorization level. Order compliance measured up against client investment objectives prior to order fulfillment. Trade history is preserved for each transaction. Because eQuate automates all kinds of compliance requirements, financial institutions can use the information to better serve customers and advisors.

To find out more or see a product demo about eQuate Business Operations component, contact us.

eTCP is processing within all the different components of eQuate.
Investor Relationship Management Batch Reporting Online Account Opening Client Risk Profile Direct Investor Access		Integrated KYC Investment Guide Investor Portfolio Management Bulk Trading Order Entry Management