Business Software Consulting (BSC) has 20 years of experience in the development of financial information systems and is a consultancy in company supplying automation solution. We supply automation solutions in the following domains :
■ Integration and process of data
■ Control and reconciliation
■ STP management of exceptions and risk control
■ Process automation
■ Dynamic and multi-dimensional analysis and reporting (BI)
BSC’s solutions portfolio includes :
■ Cash reconciliations (nostrii, internal accounts)
■ Securities reconciliations (transactions & statement of holdings)
■ Forex & MM reconciliations
■ Main accounts’ controls (Subsidiaries ó Head-Office)
■ Mirror accounts control (B2B securities services)
■ Options & Futures control
■ Equity brokerage control
■ Orders book reconciliation (pending orders)
■ «System to system» controls (e.g. data migration)
■ Single control for Cash & Securities transactions
■ (Cash messages enhancement with ISIN code, Quantity, etc.)
■ Transactional chain controls : Orders lifecycle monitoring.
■ 3 Sources Corporate Actions’ notifications control :
■ Customers Portfolio Transfers STP Management :
■ Customers reports
■ Instructions generation to custodians (MT540)
■ Confirmations control (MT540 ó MT544)
■ Messages validations to general ledger (holdings up-dating).
■ Funds Transaction STP Management (Swift MT502+509+515)
Targets and References
Banks, Private Banks, Business‑to‑Business providers (Outsourced Processing), Application Service (HUB configuration), etc.
References: on demand.
XMS is a generic platform and has the ability to integrate all standard and non-standard message formats: SWIFT, SIC & EUROSIC, SECOM, CODA, flat files ,CSV, ..), EXCEL, XML, EUCLID (Euroclear. Output adaptability [flexibility depending on: reconciliation type, user profile, etc).
Matching Logic key abilities:
■ Multi-source reconciliation
■ One to one, one-to-many and many-to-many reconciliations (n to m)
■ Unlimited reconciliation scenarii (matching rules sets)
■ Unlimited reconciliation rules per set (matching rules)
■ Restrictions (filters) on matching set (reconciliation scenario) and/or on rule. For example: a specific scenario can be applied to a specific group of accounts, or a specific rule can be applied to the processing of all transactions belonging to a given type, etc.
■ Any data field of the record can be used as a criterion in a comparison rule
■ Advanced aggregation functions allow reconciliation with tolerances (e.g. to eliminate rounding errors, etc.)
■ Possibility to add complementary data fields (e.g. for internal references)
■ Data enhancement capability to get rid of poor/weak data, incomplete information, differently/misquoted referenced information
■ Multiple matching process (a given transaction can be simultaneously offered in several reconciliation proposals)
In SIP mode, XMS allows to:
■ Enrich, enhance & complete an information (data flow)
■ Convert from one data format to another (e.g. from Excel spreadsheet to SWIFT messages, etc,)
■ Generate messages (on any format) and connect to the ad hoc interface for delivery
■ Connect to other systems involved in the workflow (front, middle and back office tools, inter-bank messaging tools)