A web-based software system designed by Isis Financial Systems.
Isis’ extensive footprint is unmatched in the industry. Only Isis offers a comprehensive, end-to-end workflow that integrates and supports every step of the investment process from the initial intelligence gathering and idea generation through the investment decision to execution, settlement and reconciliation. Isis’ integrated solutions support every step of the investment process.
In today’s competitive, client-driven investment environment, new products are introduced frequently. Investment accounting software must be flexible enough to easily accommodate changes and challenges as they occur. Since portfolio management operations are integral they should have immediate access to the accounting information.
Built on a flexible multi-currency accounting engine IMS provides full daily accrual and pooled funds accounting for all positions. That accounting is consistent across the enterprise because a single data store serves as its centralized repository. IMS maintains detailed historic activity on portfolios, positions, trades, etc., back to the day an asset was introduced into a portfolio or the portfolio was opened.
In today’s increasingly complex investment environment, data management suffers from being fractured at many asset management companies. Data is moved frequently from one system to another as mangers attempt to generate statistics, create reports, and manage their clients’ portfolios. This process is inefficient as it introduces errors, produces inconsistent results, and wastes valuable time. Because IMS resides on a central data store, data is consistent for every user.
IMS helps companies operate more efficiently, realize lower costs, and provide improved customer services. Users facilitate decision making via IMS’ integrated management tools, such as performance measurement, compliance and modeling, scenario analysis, and flexible reporting. Portfolio managers can focus on managing assets, not data. The operations and accounting departments can perform their functions without leaving the core application to run spreadsheets or reports.
Scenarios is a powerful rebalancing and trading tool that allows a portfolio manager to review the effects a specific trade will have on a portfolio’s performance before the trade is executed. Several trade scenarios can be reviewed concurrently. Analytics are displayed in real time to help select the trade alternative that best meets desired objectives. These trades can then be executed without ever leaving Scenarios.
Reliable portfolio-management tools are essential for making accurate and timely decisions for your clients. With IMS, managers can design portfolio models to keep holdings within specified guidelines. Whenever a modeling guideline is violated, IMS can suggest trades, based on pre-established rules, to bring the portfolio in line with its objectives. This ensures that your clients’ strategies are protected efficiently and precisely.
Compliance perfectly complements Scenarios with its robust risk-management capabilities. When a portfolio is accessed for either trading or analysis, pre-set rules automatically determine if the considered actions meet SEC regulations (Rule 2a-7 for money markets is supported), internal policies, or client guidance. Violations are displayed before any action is taken.
But Compliance is far more than a regulatory tool. It is designed to also provide business managers with the flexibility to better manage their internal policies and client guidelines as needs dictate. Managers can design their own rules and apply them to selected portfolios so that a “best practices” environment is well maintained.
One of the defining factors in the selection of a portfolio management system is it enables a manager to set and meet performance goals, while also staying within investment compliance and portfolio-modeling guidelines. Doing this effectively requires seeing where your investment management policies either succeed or fall short of expectations. IMS’ performance-measurement tools allow for quick response to changing market conditions so that intended goals are met swiftly. IMS addresses performance measurement in the following ways:
IMS can help you maintain full GIPS compliance. Many return analytics are readily available, including Time Weighted (Modified Dietz) Rate of Return, IRR (Internal Rate of Return) plus others. Returns can be calculated either net or gross of fees, using trade-date or settlement-date accounting, with and without accrued receivables and payables, and with or without cash.
Performance measurement tools that support reporting and decision making include:
Analyze your positions in many different ways and control how analytics work. IMS supports the contribution to overall returns–perhaps the most common form of attribution–as well as multi-currency attribution. Compute returns in various currencies. Perform asset allocation using unlimited categories.
Integrated yield-curve analysis allows portfolio managers to analyze a position and/or portfolio in relation to various yield curves. With IMS, performing yield-curve analysis is simplified because portfolio data does not need to be offloaded onto a third party system; the required yield curve data need only be brought into the system from an external source. Users can perform various spread and valuation analysis. Users can maintain many yield curves by specifying different spreads (parallel or non-parallel) from the original yield curve.
Portfolio managers searching for new solutions often put a powerful, flexible reporting engine at the top of his/her wish list. IMS’ flexible reporting capabilities are designed to meet the most demanding requirements. With the click of a button, IMS can report current, historical, and projected positions and activity on any past or future date. IMS is delivered with a complete set of standard reports which can be scheduled to print on queue as required. But the real flexibility of the reporting engine lies within its ability to immediately turn any screened query into an “ad hoc report”, which can then be modified to meet your precise needs.
With our user-friendly interface, users can create customized reports to achieve any precise goal.
As a result, IMS improves the efficiency of your operations by fulfilling several needs with a single solution, allowing portfolio managers to concentrate on managing portfolios rather than data. With IMS, reporting is a key analytical tool.
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