Dividend Posting in Advent APX – Reconciliation Tool and Transaction Processing from Hungaro Technology Solutions

Do you know the first step to avoid trading errors?

We do.

Our bespoke Data Quality Management tools are here to ensure that Positions in Moxy match up to APX. The custom tools offered by Hungaro Technology Solutions also facilitate reconciliation between APX and Custodial File data.

Allow us to show off a robust suite of custom tools and investment management solutions meticulously crafted for Advent APX and Moxy, offering unparalleled capabilities in reconciliation, transaction processing, and dividend posting.

In investment management, precision and efficiency are the cornerstones of success.

We’re here to give you the tools to achieve that. Automate your transactional data processes in Advent Portfolio Exchange and Moxy with Hungaro Technology Solutions!

Benefits of our reconciliation and automated transaction processing systems for APX and Moxy

✔️ Optimal online transaction processing system according to best practices.
✔️ Investment performance numbers per industry standards.
✔️ Identify price discrepancies and dividend amount differences between custodians and APX.
✔️ User-friendly financial transaction processing platform in APX for ops teams to view reconciliation status and all identified differences.
✔️ Fully automated transaction processing updates in Advent Portfolio Exchange.

Bespoke software and automation solutions – Our services

We offer a whole spectrum of bespoke software and automation solutions catering to various needs. Whether you’re grappling with dividend withholding taxes, reconciling complex transactions, managing alternative investments, or ensuring price consistency across custodians, Hungaro Technology Solutions has you covered!

1) Dividend posting in APX

Dividend posting in APX is a critical aspect of investment management, influencing portfolio performance and client satisfaction. Precision is paramount in Advent Portfolio Exchange – our tools ensure seamless dividend posting processes.

Our dividend posting solutions offer user-friendly interfaces as well as automated updates.

They allow you to easily handle:

– Dividend withholding taxes. For international stocks or clients.
– Mutual Fund Gains/income. Separate Gains and Income for Mutual Funds distribution. 

We’re here to help you address the challenges posed by custodian practices and ensure your investment data remains impeccable.

2) Data Quality Management with our financial transaction processing platform

Data quality is the bedrock upon which successful investment strategies are built. The financial transaction processing platform provided by Hungaro Technology Solutions ensures reconciliation by aligning positions in Moxy with APX seamlessly.

By ensuring that positions match up accurately, we pave the way for error-free transactions and provide the foundation for your precise investment decisions.

3) Price reconciliation across over 50 custodians

Our custom financial transaction processing tools also allow you to reconcile data between APX and Custodial Files, and easily handle duplicate transactions.

With prices sourced from over 50 custodians, we leverage this vast dataset to validate the consistency of prices stored in APX with those provided by custodians. Our Excel-based financial transaction processing platform helps you to identify any disparity between prices in Advent Portfolio Exchange and those suggested by leading custodians.

This way, you can be sure that all security prices are reasonable.

4) Tailored APX Portfolio Sleeve Management – Precise and easy reconciliation

You can simplify your operations further since portfolio sleeves don’t need separate reconciliation in our online transaction processing system; only the parent does. Sleeve Positions and Performance effortlessly reconcile to the parent, providing you with a level of precision and ease that sets your portfolio apart.

5) Transaction processing simplified

Excel-based financial transaction processing platform. Our system simplifies the intricacies of blotters, ensuring data integrity and preventing data corruption through templates equipped with robust data validation.

Automated transaction processing. Automate your transactional data processes with Hungary Technology Solutions! Our system is driven by a variety of algorithms that ensure seamless operations and minimize the risk of errors.

Why is it worth it to use our reconciliation and online transaction processing system for APX and Moxy?

1. The reconciliation engine of our automated transaction processing system

Our reconciliation engine addresses the complexities of reconciling data between APX and custodial files. Managing transactions optimally can be a challenge, especially with over 50 custodians, especially since custodians do not usually process all transactions to the level of detail that clients prefer.

Our tool can improve vastly upon this precision and make transaction processing much easier.

The reconciliation engine of Hungaro Technology Solutions can handle a whole range of complexities:

– Download and parse. Effortlessly retrieve and parse holdings and transactions across all custodians.
– Symbol mapping. Transparent interface – map custodial security symbols to APX identifiers.
– Position differences. Identify and highlight position differences between APX and custodians.
– Investigation capabilities. Empower the Ops team to investigate underlying transactions causing position breaks.
– Auto reconciliation. Streamline the reconciliation process by automatically reconciling position breaks related to Pending Trades, Small Cash amounts, Current Face Mismatches due to Factors, and more.

2. Dividend posting in APX – Withholding taxes

While APX can handle accruals and dividend posting, the custodians ultimately provide a net dividend amount (net of Withholding taxes) after the dividend payment. 

This amount will be different from what APX will calculate alone.

Our solution can bridge the gap between custodians and APX by providing you with the following functions: 

– Identify differences. Pinpoint dividend posting differences between custodial transactions and APX.
– Excel front-end. User-friendly Excel interface for easy validation of identified differences.
– Automated updates. Fully automate the update of hundreds of transactions in APX. All it takes is a few clicks.
– Historical file processing. Allow for the processing of historical custodial files. This allows you to ensure accuracy even with delayed or updated information.

3. Mutual fund distributions

The optimal calculation of performance metrics hinges on the precise handling of fund distributions. Our automated transaction processing tool offers a nuanced approach to help you handle this:

– Identify discrepancies. Spot variations between custodial transactions and APX regarding mutual fund distributions to bolster the accuracy of your financial reporting.
– User-friendly Excel interface. Streamline the validation process with an intuitive Excel front-end.
– Automated updates. Effortlessly automate the update of hundreds of transactions in APX. With a few clicks, you can ensure accuracy in ex and pay dates for income, short-term, and long-term gains.
– Custom price hierarchy. Our automated transaction processing tool will help you avoid loading stale prices for mutual funds that even the most trusted custodians sometimes provide.
– Break down distributions between mutual fund gains. Short-term and long-term mutual fund gains, as well as mutual fund income.

4. Excel-based financial transaction processing platform to manage Alternatives

Our Excel-based financial transaction processing platform for managing hedge fund and private equity investments ensures your portfolios are in line with market fluctuations and compliance standards.

A) Hedge Fund Investments

1. Fund valuations. Handle both preliminary and final fund valuations effortlessly.
2. Subscription and redemption management. Easily manage subscriptions and redemptions via our intuitive Excel interface.
3. Cash movement automation. Automatically generate required offsetting transactions for alternative-related cash movements.
4. Valuation alerts. Detect funds missing valuations at month-end, ensuring comprehensive oversight.

B) Private Equity Investments

1. Fix Unfunded Commitment Amounts. Workflows designed to align with Private Equity Statements.
2. Calculation / Validation of IRR (Internal Rate of Return). For a single portfolio or a combined group of portfolios.
3. Bespoke Excel templates. Easily load Private Equity Transactions into APX.
4. Automatically load vendor data into APX. Our transaction processing tool transforms data received from vendors before loading it into APX with no manual input required.
5. Mandatory data validation. This happens prior to any data load.

5. Reconciliation status tool

Efficiency in month-end processes is a priority. Our online transaction processing system for APX and Moxy can help you track the reconciliation status of various portfolios.

✔️ User-friendly interface. Provide a user-friendly interface for portfolio teams to track reconciliation statuses without flooding the operations team with constant emails.
✔️ Automatic detection. Automatically detect changes as the operations team reconciles portfolios, flagging portfolios as reconciled for streamlined reporting.

Engage with an expert today: take reconciliation and transaction processing to the next level with Hungaro Technology Solutions!

Our comprehensive suite of reconciliation and automated transaction processing tools for Advent APX and Moxy offer bespoke solutions to any business looking to integrate a higher level of precision and ease in their investment management.

Operational excellence is the bedrock of your success. Allow us to provide you with custom tools to achieve that!