Automated Price Loader and Pricing Comparison Report – Hungaro Technology Solutions
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Financial management is an ever-evolving landscape, just like the tools provided by Hungaro Technology Solutions. Our Automated Price Loader and Pricing Comparison Report provides you with a cutting-edge method to streamline operational tasks but also gives you unprecedented control over pricing data.
Our commitment to efficiency is manifested through process automation solutions tailored specifically for Advent APX, Moxy, Rules Manager, and Revenue Center.
Pricing is one of the most important operational tasks. What if a price is missing? How do you get notified? We have the tools to help you monitor it – APX (Advent Portfolio Exchange) alone does not.
Our bespoke software and automation solutions work in your favor. Let us show you how!
Key benefits of our Automated Price Loader
✔️ Client empowerment. Our Automated Price Loader allows you to define a hierarchy of custodians, ensuring that prices for specific security types adhere to a custom price hierarchy.
✔️ Source from the best. This customization enables clients to utilize prices from the most reliable sources, enhancing consistency across their portfolios.
✔️ Twice as fast. The solution is not just about price consistency; it’s about efficiency. The process is fully automated, reducing almost half of the processing time.
Automated Price Loader – Introducing a Custom Price Hierarchy from over 50 custodians
With an expansive network of over 50 custodians, Hungaro Technology Solutions can strategically source security prices from multiple avenues. Our Automated Price Loader also introduces a unique Custom Price Hierarchy. This allows your operations team to define a strategic hierarchy of custodians, intelligently prioritizing prices based on your specific needs.
While market data provider IDC serves as the official pricing vendor, we prioritize cost awareness by primarily relying on custodial prices. This approach, especially for fixed-income securities, ensures a nuanced understanding of pricing dynamics.
Using our Automated Price Loader – Price Hierarchy applications in practice
– Ops team empowerment. Define a hierarchy of custodians to source prices, providing operational teams with unprecedented control.
– Flexibility with overlays. Introduce overlays by Security Type and individual Securities, allowing for fine-tuned customization.
– Intelligent price identification. As custodian prices arrive at different times, our Automated Price Loader intelligently identifies and loads necessary prices based on hierarchy rules.
– Timely resolution from IDC. Beyond a certain point each morning, the process seamlessly loads missing prices directly from IDC, avoiding delays due to late custodians.
– Avoid stale prices. Prevent the loading of stale prices for mutual funds, even from trusted custodians.
Automated Price Loader from Hungaro Technology Solutions – Why is it worth it?
Addressing pricing discrepancies
The conundrum of varying prices for the same security across custodians is a challenge that we have effectively addressed. Our Automated Prices Loader provides price consistency and ensures that the entire workflow is almost twice as fast.
With prices sourced from over 50 custodians, we have leveraged all this data to validate if the prices stored in APX are consistent with those provided by the custodians.
Our Excel-based tool acts as your digital watchdog – it can detect any wider than normal dispersions between prices in Advent Portfolio Exchange and those suggested by leading custodians.
This advantage positions your operations for heightened efficiency, with a reliable and automated system at its core. Not to mention that your Operations team gets a sanity check to ensure that security prices are all reasonable!
Dealing with missing prices within your system? Our Automated Price Loader can look back up to 30 days, identifying any gaps in your data.
Your operations team can efficiently resolve these gaps with just a few clicks, loading prices from market data providers or carrying forward old prices—effectively eliminating the need for manual interventions.
Extraction and calculation from custodial files
Our Automated Price Loader excels at extracting prices from custodial files and calculating prices using position files. By automating this process, our solution ensures the seamless identification and loading of prices based on the defined hierarchy.
This not only optimizes the entire procedure but also guarantees the timely availability of critical pricing data.
Flexible, custom price loading schedule
Flexibility is key in financial operations. Our Automated Price Loader allows you to define and customize loading schedules based on your clients’ needs. Whether it’s daily, weekly, or custom intervals, Hungaro Technology Solutions adapts to your unique workflow.
Pricing Comparison Report from Hungaro Technology Solutions – Transparency and clarity at the highest levels
Say goodbye to inconsistencies in pricing with our Pricing Comparison Report. This custom tool aligns the pricing values of securities across all accounts, providing a consistent dataset that serves as the backbone of your financial integrity. This not only ensures trust in your numbers but also facilitates audit capabilities, allowing you to explain any discrepancies when reporting on assets.
1. Informed decision-making with configurable Reports
Configure the Pricing Comparison Report by adding columns, formulating calculated values, and grouping data. This flexibility allows you to analyze the difference in pricing for individual securities and the total difference in the portfolio. It also provides valuable insights into the market value of your investments regularly.
2. Dynamic visualizations for comprehensive analysis
Gain comprehensive insights into pricing trends, outliers, and potential areas of improvement with our Pricing Comparison Report. Visualization tools empower your team to make data-driven decisions.
3. FVHL – Address regulatory scrutiny with Fair Value Hierarchy Leveling
As regulatory scrutiny on financial instrument prices intensifies, compliance with ASC 820 and IFRS 13 becomes increasingly critical. Hungaro Technology Solutions is committed to aligning its Pricing Comparison Report with these standards to ensure you are always ahead of the curve.
The Fair Value Hierarchy Leveling (FVHL) screen allows you to create fair value leveling rules based on their unique requirements. These rules simplify complex accounting standards, offering a straightforward no-nonsense solution.
How does our Pricing Comparison Report help you meet regulatory requirements?
The scrutiny on security prices has intensified, propelled by the International Accounting Standards Board (IASB) and the Financial Accounting Standard Boards. This heightened examination is a direct response to the introduction of ASC 820, Fair Value Measurement in the U.S., and IFRS 13, Fair Value Measurement internationally.
Embracing Fair Value Levels
Central to this scrutiny is the requirement for companies to include a “leveling” table in the notes to the financial statements, categorizing investments at fair value into Levels 1, 2, or 3. These levels are based on the significance of unobservable inputs.
Level 1 inputs – The golden standard
Level 1 inputs entail quoted prices in active markets for identical assets or liabilities, accessible at the measurement date. Both IFRS 13 and ASC 820 emphasize the reliability of quoted market prices in active markets, using them without adjustment to measure fair value whenever available.
Accessibility. Prices from active markets must be accessible, allowing entry or exit from the position without undue cost. As a professional technology facilitator, our Pricing Comparison Report allows you to easily visualize prices and where they were sourced from, even from multiple providers, custodians, and market data providers.
Direct Observability. Hungaro Technology Solutions ensures 100% observability, guaranteeing that all inputs to the price are directly observable quotes, aligning with the stringent requirements of IFRS 13 and ASC 820. In contrast, Level 2 allows inputs that are not directly observable
Level 2 inputs – Beyond quoted prices
Level 2 inputs encompass more than quoted prices and require observability for the asset and liability, either directly or indirectly. They include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets, and other observable inputs like interest rates and yield curves.
Level 3 Inputs – Unobservable inputs for assets or liabilities
When relevant observable inputs are scarce, Level 3 allows the use of unobservable inputs, accommodating situations with little to no market activity. For Hungaro Technology Solutions, Level 3 instruments involve model-based pricing with subjective, unobservable inputs.
In response to the complex landscape of fair value measurement, the tools provided by Hungaro Technology Solutions abide by the rules you lay out. We can design a solution as per your requirement to address the conditions of IFRS and ASC.
Essentially, we work together with our clients to address their needs by creating a bespoke process that aligns with FASB or ASC.
Engage with an expert today: take financial management to the next level with Hungaro Technology Solutions!
Our Automated Price Loader and Pricing Comparison Report are not just tools; they are intelligent, bespoke pricing solutions that act as strategic assets to empower your financial operations.
✔️ Operational efficiency
✔️ Pricing consistency, no missing prices
✔️ Custom hierarchy
✔️ Utilize prices from the most reliable sources
✔️ No manual interventions, twice the speed
✔️ In line with regulatory standards
Ready to revolutionize your pricing intelligence? Schedule a call with our experts today to explore how our custom software and automation solutions can transform your financial management!
