Prospero’s Core Operations solution provides all the back-office functionality a financial company needs. Unlike many other back-office systems, ours was built from scratch, so it integrates seamlessly with your front-office system–without workarounds.

• Can be installed with other Prospero modules or separately
• Will connect seamlessly to your existing front-office system
• Handles all financial products, including, but not limited to, equities, bonds, cash, alternatives, structured products, derivatives, currencies, real estate, bullion, direct investments and SWAPS
• Automates and streamlines all processes, including account openings, cash and securities transfers, and price updates
• Calculates fees (including management, advisory and performance fees) and commissions (including third-party commissions and trailer fees)
• Processes corporate action events with more than 90 different templates, which allows you to manage the full cycle of  voluntary and mandatory events, from data cleansing and enrichment to portfolio election, entitlements and direct booking of transactions in portfolios--all through a user-friendly wizard and with a few mouse clicks
• Comes with an integrated general ledger than can be turned on or off, depending on requirements
• Lets you easily add new products and transactions without coding
• Automatically posts entries in your general ledger
• Maintains security data and client static data and add your own fields without coding
• Includes a flexible rules and conditions engine to manage (without any coding) your business processes and rules, add new types of commissions, change work flows, add new tax legislations, select SWIFT messages, map accounting scenarios, manage compliance checks and more
• Stores all static data for portfolios, clients, security, prices, rates, benchmark, documentation and all major maintenance tables
• Comes with hundreds of preconfigured reports, and allows you to create your own
• Complies with International Financial Reporting Standards (IFRS) allowing financial firms to adhere to the new requirements including Statement of Financial Position, Statement of comprehensive income, Classification of financial instruments into four categories (Available for Sale (AfS), Held to Maturity (HtM), Held for Trading (Hft or Trading), and Originated Loans and Receivable (OrL)), Calculation of the fair value, and Availability of data for the production of detailed financial reporting for both local and IFRS reporting

• COOs
• CFOs
• Risk and compliance officers
  
  

Our preconfigured models are programmed with specific parameters–in this case, pre-defined transaction types, work flows and reports. These parameters allow you to experience Prospero straight “from the box” with little setup work required. They can be changed as needed.