Miles Software Solutions (P) Ltd-MoneyWare Integra: Wealth Management Edition

Product Description:

Miles Wealth Management Solution suite has the capability of automating the entire suite of investments during the lifecycle of wealth creation, growth and management. Further enhancing the Miles advantage of covering a wide array of asset class - mutual fund, equity, fixed income instruments, real estate and commodities - the solution also covers the entire customer management lifecycle. The solution aims at reducing the transaction time thereby increasing the operational efficiency.
MoneyWare Integra an industry leading wealth management Solution (WMS) offers modules on platform that can be combined to create lending business solutions for Client Management, Portfolio Management, Financial and Investment Panning and Revenue Management and order management.
Money Integra: Wealth Management Edition comprises of the following key modules, including:
• Moneyware – Integra – Wealth Management Core Modules
• Moneyware Integra – Financial Advisor Workstation
•Moneyware Integra – Client Interaction and Relationship Management
• MoneyWare Futura - Financial Planning Tool - Affluent Edition
• Moneyware RIMS – Revenue & Incentive Management System
• MoneyWare B2B - Financial Intermediary Application
• Interactive Client Portal - A Browser based tool showcasing client's portfolio along with his held away portfolio
MoneyWare Integra WMS enables wealth management firms to serve all client segments from Mass Affluent to High Net Worth Investors and to fully support the provision of discretionary, advisory and brokerage services from a single platform.

Reporting Capabilities:

MoneyWare Integra generates a large number of reports and each report can be exported to various file formats such as MS Excel, MS Word, CSV, Acrobat PDF. The system is capable of: - Generating all regulatory report using flexible reporting mechanisms. - Complete coverage of Trade, Custodian and Broker reporting. - Standard Customer statements with flexible filtering options available.
Solution has an exhaustive set of standard reports. For client Reporting / Communication there are set of standard reports and report scheduler to email the letters. For adhoc reports addon Module of Integrated SAP BO is also available
Reports have been divided in various sections like:
• Listing
• Orders
• Orders V/s Execution
• Deal Listing
• Transaction Listing – Equity, Mutual Fund, Debt, Derivatives
• Balance Comparison Statement
• Universe of Investible Securities

1) Client Reports - Client reports can be scheduled and system automatically can send out as a PDF file. Client Reports can be generated at an Individual level as well as Group/Household level.
o Welcome Letter
o Account Performance
o Asset Allocation
o Movement of Corpus
o Transaction Statement
o Corporate Benefits
o Stock Flow Statement
o Gain / Loss Statement
o Investment Ledger

2) Income Reports
o Short Term & Long Term Gain / Loss as per Income Tax Act.
o Dividend – Equity & Mutual Fund, giving status of realization.
o Interest – Fixed Income Instruments, giving status of realization.

3) Management Reports
o Asset Under Management, giving details of Equity, Fixed Income & Cash
o Change in Market Value (NAV comparison & performance between 2 period)
o Portfolio Performance
o Portfolio Performance Comparison with Various Benchmarks
o Portfolio Register
o Fund Status, current cash balance and expected cash flow
o Security Cross Reference, gives list of clients holding a security
o Trade Activity, no of trades in a period
o Turnover Statement
o Management Fee Statement for the period.
o Consolidated Exposure Statements by Sector, Playtype, Value
o Asset Reconciliation
o Account Close Report in a period
o Query Builder

4) Portfolio Reports
o Largest Holding at Market
o Largest Unrealized Gains
o Largest Unrealized Losses
o Portfolio Summary
o Scrip Performance Vs Benchmark i.e. BSE Sensex, Nifty
5) WMS Alerts - MoneyWare Integra allows you to setup alerts on various parameters and are send out to the desired e-mail ids.
o Stock/NAV Prices
o Volumes
o Cost
o Sectorial Exposure
o Corporate Benefits
o Freeze
o Account Activation
o Account Deactivation
o Exceptions like Negative cash, stock etc

Workflow Capabilities:

MoneyWare Wealth Management workflow capabilities include the following key functions: - Maker checker principle - 4 i principle - Facility of e-mail notifications - Parameterised triggers and alerts at various levels - Staff to-do lists

Describe which specific country regulations are incorporated into solution:

ndia
The system covers all regulatory rules and reporting as be SEBI and RBI guidelines. Miles has its installations in 13 geographies including India. A thorough system check is conducted on a continuous basis, ensuring coverage of all regulatory rules & reporting in compliance with the regulation of the country where the system is implemented. Periodic updates covering all regulatory changes are being released with quick turnaround.

Additional comments on Pricing

There are two pricing models followed at Miles. They include:
1) Annuity pricing
2) Perpetual pricing

Programming Language:

.Net

Networks:

TCP/IP

Management System(DBMS):

MS SQL Server SQL Server 2008 R2

Connectivity Configuration:

Based on URL

Hosting Options:

MoneyWare Wealth Management Solution can be hosted in-house OR hosted by Miles OR hosted by a third- party

Deployment Options:

Deployment by refershing the web application.

System integration:

Open architecture allows easy building of interfaces with different systems, seamless integration through STP.
Integration can be done using the following a) Webservices
b) XML
c) SQL
Miles has got uplinks to core banking system

Financial controls:

Access control unit for Role and User level control totals.
Parameterized audit trail for every maintainable unit
User access rights-based dynamic menu generation
User-friendly GUI that is customizable
MoneyWare Integra Wealth Management Ediction can work on SSL

Number of current users:

MoneyWare Integra Users include 60% of Indian Wealth Managers & other global Wealth companies

Other Benifits

• Leverage the HNWI Opportunity
  • Rich integrated insights about the HNWI client’s investment portfolio
  • Sophisticated analytics, efficient financial planning and asset allocation tools
  Robust Security Framework
  • Rigorous management of access rights
  • Systematic records maintained as audit trails, ensuring robust security
  Ease of Enhancing Product Portfolio
  • Flexible, user-friendly solution to create new product flavors for emerging customer segments
  • Faster rollout of new products and services
  • Component-based architecture for data consistency
  Higher Operational Efficiency
  • Highly scalable to grow your business rapidly, while keeping IT costs down
  • Improves profit & efficiency through seamless transaction flows and minimized operational delays