Abraxsys

Abraxsys is a comprehensive suite of financial services software and solutions designed to cater to the needs of front, middle, and back offices worldwide. According to the vendor, this product is specifically tailored for wealth managers, investment teams, governance divisions, third-party administrators (TPAs), and fund supermarkets. With its range of modules and features, Abraxsys aims to provide the necessary tools and functionalities to support business development, growth, and efficient operations in the financial industry.

Key Features

BITA Risk: According to the vendor, BITA Risk is an award-winning software solution that aims to empower high and ultra-high net worth wealth managers with innovative tools for business development and growth. Its modules, including BITA Wealth Profiler, BITA Wealth Portfolio Analytics, BITA Wealth ESG Manager, and BITA Wealth Monitor, are designed to facilitate automated TCFD reporting, sustainable investment policies, central investment plans, and risk and suitability governance.

Salerio: Salerio is a global post-trade management solution designed for the buy-side industry. According to the vendor, this comprehensive software aims to support matching & confirmation, settlement instruction processing, and failed trade management, catering to major asset managers, hedge funds, and outsource administrators. Salerio is said to ensure scalability, efficiency, and governance for T+1 settlement needs, while also offering automated TCFD reporting, sustainable investment policies, and MI and exception reporting.

SureVu: According to the vendor, SureVu offers advanced suitability, investment, and governance solutions that address the specific needs of financial firms. This includes CSDR compliance software for settlement discipline management, automating settlement tracking and failed trade management for ALL security trades. The vendor claims that SureVu helps firms avoid cash penalty fees, comply with CSDR regulations, and improve settlement rates, providing governance, control, and consistency in post-execution processes.

Costars: Costars is an investment administration software that caters to third-party administrators, fund supermarkets, wealth management providers, and retail banks. According to the vendor, this fully integrated platform aims to streamline client servicing, sale-channel uptake, and new product adoption. Costars handles a wide range of investment products, such as ISAs, unit trusts, investment trusts, OEICs, equities, cash funds, and fixed-rate bonds, while supporting various distribution channels, including direct, open architecture, IFA, sales network, nominee, and institutional.

Paragon: Paragon is a fixed income portfolio accounting solution that specializes in handling mortgage-related securities and a range of fixed and variable rate instruments. According to the vendor, Paragon offers comprehensive support for retrospective and prospective accounting of MBS, ABS, and CMO securities. Its automation capabilities cover trade capture, processing, and reporting, while providing exception management tools, extensive reporting options, and seamless integration with OMS platforms.

Automated Processing: According to the vendor, Abraxsys provides comprehensive, exceptions-only, unattended processing capabilities, automating trade capture, position processing, accounting, and reporting. This feature is said to expedite the close of accounting periods, update prices and call information, and tailor tax equivalent and after-tax yield calculations.

Regulatory Reporting: According to the vendor, Abraxsys offers flexible and high-quality reporting features, allowing users to create their own reports. The vendor claims that Abraxsys enables the extraction and generation of regulatory extracts and reports, ensuring compliance with processing and reporting obligations.

Extensive Interfaces: According to the vendor, Abraxsys provides seamless connectivity with various systems, supporting integration with Order Management Systems (OMS) and data providers. This feature aims to facilitate data output delivery to downstream systems, including general ledger platforms, ensuring smooth and efficient data flow.

Cost and Risk Mitigation: According to the vendor, Abraxsys aims to help financial institutions mitigate costs and operational risks associated with manual processes. By eliminating the need for manual intervention, Abraxsys is said to reduce errors and inefficiencies, ensuring efficient handling of high volumes and complex instruments.

Compliance: According to the vendor, Abraxsys aims to enable financial institutions to meet processing and regulatory obligations by providing a robust framework for demonstrating compliance and maintaining transparency. Abraxsys ensures compliance with processes and audit trails, helping institutions adhere to industry regulations and standards.