G/L systems in most capital markets firms are stand-alone packages and must be linked to the primary databases that contain the firm’s financial reporting-related detail.  Data pertaining to organization and portfolio structures, human resources, customers, and instrument type categories must also be imported or separately defined.   Furthermore, such typical G/L systems do not allow drill-down to position or trade level. This lack of integration with the rest of the enterprise creates significant and expensive implementation challenges.   It can also be the source of countless reconciliation issues and prevent the creation of a truly flexible and valuable financial and managerial reporting platform that all business units can use with confidence.

CenterFinancials provides a flexible and integrated general ledger module to support journal and transaction capture from other CenterSphere modules, particularly the Portfolio Management module, as well as external systems and sources.  Our integrated G/L allows drill-down to transaction detail as well as “drill-across” to the sources of G/L transactions. Unlike most packages, it has linkages to portfolio subledger modules, allowing drill-down analysis into the ultimate business transactions for a given account balance.

• Provides a flexible chart of accounts structure, allowing for:
  
  
  • Multiple general ledger processes for firms desiring or requiring more decentralized reporting;
  • Multiple charts of accounts to support different accounting regimes, with unlimited number of accounts and account segments; and
  • Multiple books for a given chart of accounts. This design allows for different reporting requirements while using the same base set of transactions.
  
  
• Contains transaction capture facilities.
  
  
  • Transactions can have an arbitrary number of account segments associated with them, including other entities within the system, thus permitting drill-across to transaction sources.
  • Supports journal capture from external transaction sources.
  • Integration with PortfolioCenter and TradingControlCenter modules supports automated G/L transaction generation and drill-across from the G/L to source position information.
  • Multicurrency support includes maintenance of currency translation gains and losses.
  
  
• Supports daily and monthly (or any arbitrary fiscal period) balance sheet and income statement reporting for both legal entities and organizational units.