Månedsarkiv: december 2013

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Managing Funds with Fund Management Software


Funds can be managed by one person. Fund management is the control of cash flow of an institution. No matter how big or small a company is, a well-established and control of funds enables investors and share holders to get attracted to a certain company. It should always include a systematic way of building a strong foundation of its funds. The failure of a company to respond to the call of a good fund management will always put the blame to a weak fund management so it will be best to have a companion on this regard.


Funds are the sum of money or other resources that are set aside for a particular purpose. In business, the purpose of funds is to continuously operate the company. Proper circulation of funds must be given emphasis all the time to give way on opportunities and possible extra business ventures and project the company’s good standing.


Trying to elaborate fund management, there is a way to get the good standing your company aspires, setting aside the worries of failure and uncertainty of your company’s future. The continuous innovation and development of technology has brought the birth of software for the easy and quick management of your company, particularly on fund management; introducing fund management software.


Imagine a stress free management of your funds. Although it will also take a little time to educate yourself on the tool, you will greatly appreciate every function of this tool. Learning is a process and there is no way for you not to learn everything at ease. With fund management system you will be dealing with accuracy and effectiveness, and that’s a guarantee this tool will provide you.



Most company owners worry about real time result projection. Worry no more with the use of fund management software. As you learn the navigation of tools along the process, you will be amazed with its capability to produce results on a regular basis, possibly daily. In that day you will be able to track down all transactional records. Plus, records can be edited so you can easily manage the corrections that you will have.

fund accounting software

How to Compare Fund Accounting Software

The fund accounting software package you pick can have a significant impact on your business. Some packages are simple while some are complex, involving numerous users with varied access levels of data. Whatever the size of your business, your fund accounting software should give you a means to record transactions and gain a better understanding of your business operations.

  1. Assess your needs. Put together a committee that consists of members of different departments. Have every member analyze the needs of their department. Analyze how tasks are performed and create plans to show how efficiency can be increased with an improved accounting system.
  2. Understand the types of fund accounting software packages. Entry level fund accounting software is for smaller companies with $5 million in sales or less. Those with sales no more than $100 million with no more than 100 employees usually use small to medium enterprise software. Small to medium enterprise is also used for companies earning $500 with 500 employees. Enterprise resource planning software is used by large companies with over 500 employees and $500 million in sales.
  3. Compare pricing. This is a difficult task because you will rarely be comparing apples to apples. Entry level fund accounting software can cost anywhere from $100 to $2,500. Large companies may pay at least $250,000 for a fund accounting software package. Pricing should be your most important concern; it should be to make sure that the accounting software package meets the demands of your business.
  4. Schedule on site demonstrations. Vendors should be more than happy to let you and other decision makers to test drive the fund accounting software packages. Discuss how the software can be integrated and implemented into your business. Ask the vendors about installation times and any system requirements for compatibility.
  5. Review the legal ramifications. When making a large investment in a fund accounting software package, have your attorney go over the contracts  to protect your best interest. Language should not be stated in the contract with regards to your recourse should the accounting software fail to work. Note the cost of upgrades and maintenance to your accounting software.




The Scope of Investment

Investment has a number of facets; the employment of professional fund managers who are expert on numbers, studies and researches, deals, settlements, marketing, including internal auditing and preparation of reports to clients and stockholders. The largest financial fund managers are a firm that shows the entire complex demands needed.

Apart from the people who bring in the money or those marketers and investors, and the people who direct investments or the fund managers, there is one essential instrument which lightens the duties and responsibilities of the manpower, relatively termed as investment management system.

Having the idea of acquiring such system is efficient in any way. When we talk about investment management system we are dealing with the strict compliance of having a cost certainty on this matter. Systematically, when we deal with money, particularly on investments, business heads always tend to overpower themselves on the investment itself. In reality putting emphasis on the investors will give a much complacent result. As inventors, a long term return of investment is always reconsidered. Here is where the investment management system comes in. The system, if followed heartily will always give you what you aim for.

The Reality of Business: Shareholders are Company Owners

Shareholders also known as stockholders are individuals who owns at least a share or a part of the company or institution. Shareholders have the potential profit of the company if the company is working well, but when a company’s performance is poor then the profit is also down. Profit is proportional to each other.

Shareholders are also company owners. They do have rights subject to a corporation’s charter and bylaws; inspection of company books and records and they can even sue the corporation for any misdeeds of the directors or officers of the board. Therefore, a shareholder and a company owners share the same rights.

Companies often control the majority of shares and stocks. More often they are representing as fiduciary agents rather than direct owners. The shareholders probably have great power to alter the companies thru their rights of the shares the company has and the ability to implement a strict management.

Practically, the ultimate owners of the shares and stocks often do not practice the power they have because it is the company owners who collectively holds every undertaking.

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The Benefits of Trade Order Management System

An investment strategy needs a trade order management system in place to carry out different business trades swiftly and proficiently. This is really significant most especially on a daily basis when a business faces a few challenges that may affect its growth, finances and the like. This trade order management system should be receptive as well. More so, it has to be a workflow-driven system that is able to handle variety of financial instruments.


This system should be able to provide support diverse strategies for trade. Aside from those stated above, there has to be a gauge as to why a business chooses to avail this type of trade order management system. There are a lot of existing systems that offer this type of convenience to businesses.


But what are the factors to consider in choosing this trade order management system? Remember that this is not an overnight decision that a business owner makes. It somehow needs some comprehensive analysis before the next step can be made.


Meeting demands

It is not just the client that has demands but the market as well. For a business to be able to meet these demands there has to be a trade order management system that allows a business to do so. This system should be something that is flexible and should give a competitive edge or advantage over all other existing businesses. This system also needs to allow the business to make trades in many ways such as those trade types done via multiple dealing desks and many more. When demands are met, it leads to happy clients and satisfied customers.


Real time response

Data these days are easily accessed with just a few clicks. With technology making great improvements in business platforms, there are a lot of trade order management system analytics that allow for real time access and response on information that keeps the business on top of its game. Businesses are able to get hold of that information that allows them to execute properly actions that need immediate response. Once immediate response is given, this will make the business more competent and reliable.


Photo credit: blog.robotictradingsystems.com

trade order management software

Tips on Getting Started on Your Asset Management Solutions

IT asset management projects, whether new or ongoing, are a journey. This journey requires that organizations undergo thorough preparation to ensure that the IT assets are reliably identified and are moving in the right direction. Below are two very helpful tips to help asset managers get started on their asset management solutions, and their ongoing journey with it.

Tip #1: Determine stakeholders who can assess the value of data

One important element in successful asset management begins with the identification of interested parties and associated needs. These are the stakeholders that have the ability to determine what data is most valuable, and how they want to reported and tracked.

To support the needs of your stakeholder, asset management solutions allow you to provision as many users as needed to access the asset management solution interface. You point out roles that match the level of access and update capability you want for every type of user in the asset management solution. This way, you can use the system to share the value of asset data with stakeholders across your enterprise.

Tip #2: Baseline the inventory data that you expect to see

Any IT asset manager might have already asked the number of computers that they own. And as more experienced people know, there is not always an easy answer to this question. But to implement an IT asset management solution or to sustain one, there should be a definitive answer to that question. Endpoints mean access points to cloud-based software and web applications, aside from the software that is installed. Setting a baseline of the hardware should largely improve your ability to identify all the related IT asset data.

You can prepare your baselines by using asset management solutions in importing information about your expected hardware data, and then reconciling it against what your asset management solution has discovered. Such a system will let you track the process of your gathering asset data. Because some of the interesting features of the discovery process of asset management solutions, you might also find machines that your current tracking systems have not detected yet.

post trade processing

A First-Timers Guide to the Basics of Fund Accounting

If you have worked in a church, school or government office, you might already be familiar with fund accounting. Such method of accounting is usually used by nonprofit organizations. It is required for all government bodies by the generally accepted accounting principles. Fund accounting allows these organizations to separate income and expenses by class, giving the reviewer of the financial statements a proper accounting of such like activities.

Easily put, fund accounting is like having a whole financial record set, including income statement, balance sheet and statement of cash flows for separate entities in an organization. This is an accounting method that allows the user to classify income and expense items according to a specific fund. For example, a church may have a mission’s fund, benevolence fund, building fund and general fund. All of these receive revenue and have expenses associated with the individual fund, although they are part of the larger entity. Fund accounting helps keep track of these individual funds along with the overall entity.

Religious and government organizations get money from donors imposing the regulations, restrictions and limitations to its use. Fund accounting will help to ensure that these limitations and restrictions are observed and have been placed on these resources. While the individual fund is accounted for in accordance with the imposed donor restrictions, fund accounting also allows the management to view all fund in a consolidated statement to determine the financial status of the organization as a whole.

There is a wide range of accounting products created to specifically cater to the nonprofit looking to set up fund accounting. This accounting system can be set up in basic software like QuickBooks, using their classes to structure the accounts. However, depending on the size of the organization, you might likely be better off buying software that has been specially made for fund accounting.

Most fund accounting programs come with some form of consulting and training program, usually purchased together with the software. Shelby Systems, for example offer their church accounting products with free training. It would be wise, though, to get a solid understanding of accounting before you attempt to set up this kind of system.


The Right Investment Management Software

Even if top-level management have the final word on decisions, each level contributes to paving the path using accurate and updated data, numbers, and figures. In order to do so, teams rely on a good investment management software with a sturdy backbone: a tailor-made system design.

Because no two business landscapes are alike even when adapting the same structure and models, an investment management software can only deliver effectiveness if, first of all, it can aggregate clusters after clusters of raw data into clear sets often in the form of daily reports that are highly informative and clearly delivered as well as meaningful analytics.

While single ledger systems will suffice for small businesses as it stores all required information in a single place, more advanced demands for bigger and expanding companies require a more customized approach usually in the form of a multiple ledger investment management software that segregates data such as detailed transactions with clients, their credit limits, payment terms, and cash inflow, among others. Though compartmentalized, each data set is still interconnected to the primary or source ledger.

Performance and scalability are also strong points of a multiple ledger type of investment management software. It encourages speedier closing processes, strong audit and control environments, “uncompromisable” planning, and content-appropriate reports. Data and reports should be easily crunched at a glance using graphs and pies yet the richness of necessary information should not be scrimped. Data always have to be compared time and again so progress can be kept track of and budget is appropriated as it should.

asset management software

The Roles of Asset Management Solutions in Organizations

Asset management solutions can serve various functions in organizations, depending on their business goals, resource availability, IT infrastructures and software portfolios. For most organizations, the goal of implementing asset management solutions is very tactical in nature, and is specifically focused on balancing the number of purchased software licenses with the number of actual copies installed.

Aside from balancing the number of licenses with the number of installations, effective asset management solutions should ensure that the utilization of all installed software is in keeping with the terms and conditions of the specific vendor license agreement. By doing so, organizations are able to minimize liabilities associated with software piracy should an audit by a software vendor or third party take place.

According to its interpretation, asset management solutions involve conducting detailed software inventories on a periodic basis to determine the exact number of software installations, comparing this information with the number of licenses purchased, reviewing how the asset management solutions are utilized in respect to the terms and conditions to make sure that proper licensing practices are maintained on an ongoing basis. Such feat can be accomplished with a combination of IT processes, technology solutions like software inventory tools and purchasing policies and procedures.

The strategic goals of asset management solutions, when more broadly defined, usually include, but are not limited to, the following:

  • Reduce costs for software and support by negotiating volume contract agreements and reallocation or eliminating underused software licenses.
  • Enforce compliance with the desktop standards and security policies of the organization.
  • Improve employer productivity by sending out the right kinds of technology quicker and more reliably.
  • Limit overhead that is associated with supporting and managing software by streamlining or automating IT processes, such as patch management, issue tracking, software deployment, and inventory tracking.
  • Establish ongoing procedures and policies surrounding the procurement, deployment, documentation, use and retirement of software in an effort to recognize the long term benefits of asset management solutions.

There are so many technologies and tools that make asset management solutions do their intended, and choosing them it is up to the needs of the organization.