Investment

MONEYTOR HEADER

The Simplex Moneytor+ is real time investment portfolio management software designed to monitor your investments end to end. It is designed to increase the functionality required for real-time investment Portfolio Management.

FEATURES:

BOND PROCESSING

BONDS MODULE (FIXED INCOME INVESTMENTS)

Capture all types of fixed income investment (Bonds, Debentures, etc.)

  • Moneytor provides adequate data capture screens for all types of Fixed Income instruments. It automatically adapts the screen to suit the particular characteristics of the instrument in question. This guarantees seamless use and less training for users.
  • Moneytor automatically calculates coupon purchase and effective yield on bond. Also, the discount/premium can be written-off over the period of the bond.
  • Moneytor calculates, tracks, and informs you ahead of time what is due for collection: whether interest (coupons), principal, or both. Also, the market values of quoted bonds are tracked through the stock exchange.
  • Interests could be based on fixed, floating rates (MPR, MRR, NIBOR, e.g.).  Moneytor gives good control over both.
  • All types of “Days In year” basis are handled in Moneytor.
  • Flexible re-payment gaps (monthly, quarterly, semi-annually, and yearly).

DISPOSAL

Disposal can be partial or full. It also can be ex/cum interest. All these are automatically done and calculated to give the maximum yield possible over each transaction. Profit and loss are instantly calculated and displayed before transaction is actually effected or approved. Hence, you are extremely guided to make the best out of each deal.

EQUITY PROCESSING

Moneytor comes with a very robust equity module. It automates many of the operations in the management of equity transactions. It automatically connects to the stock exchange to download quoted prices and instantly re-evaluates your equity portfolio showing unrealized gains/losses.

  • Tracks (buy/sell) shares by Central Security Clearing System(CSCS)

Moneytor keeps a full account of all trading activities you do through the CSCS. It comes pre-loaded with all listed companies on the stock exchange and automatically adds new ones as they are registered/listed. Moneytor enforces that mandatory fields are recorded and removes duplications or omission errors through its intuitive process flow mechanism.

  • Tracks (buy/sell)  Rights-issues, Deposit for shares

Moneytor comes with a unique module that specially handles the purchase of rights and public offers. Since these transactions are outside the CSCS system, Moneytor has put in place fail safe mechanisms to ensure the registrar delivers what is paid for as and when due. A full historical tracking is kept on deposits for shares until all allotment is received or refund is made in situations of un-allotment. It even goes as far as to receive interest generated on the deposit for shares.

  • Download stock prices and import

Moneytor comes with the gateway to connect to the NSE to download stock prices on a daily basis. (This requires registration and annual subscription). This ensures prompt valuation of funds and accurate determination of the funds “UNIT VALUE” which is the primary indices to measure the pension fund growth/decline.

  • Bonus issues are fully automated

As bonuses are declared, Moneytor captures them automatically and prompts for the inclusion of     the units in your share portfolio. Moneytor ensures that you never miss your rightful bonus per    financial year.

  • Calculates commission payable on share acquisition and disposal

Moneytor comes with the standard rates for fees and commission to the brokers. This is changeable by authorized personnel only. It also gives room for capturing negotiated discounts to reduce the transaction cost.

  • Handles dividend warrants and scripts

Moneytor ensures you get all the dividends of your investment to the last kobo. It does this through its unique dividend due versus dividend received formula. It intelligently ties each dividend to its financial year so you never miss-out a kobo. The system is designed to keep you prompted until you get your full dues.

  • De-materialization of share certificates

Moneytor also tracks certificated transactions. (Public offers etc.). It assists in tracking until certificates are delivered and eventually de-materialize. There is also provision for disposal by certificates especially for un-quoted shares.

  • Disposal of shares by Average Cost, FIFO, LIFO, Share Matching)

The disposal process is a comprehensive pro-active profit/loss measurement tool in the hand of an investor. Moneytor gives you instant calculation based on any of the user selectable costing methods. It even allows for a mix of disposal methods on same transaction for different portfolios. Now you can maximize your income without stress.

MONEY MARKET PROCESSING

  • The treasury module of Moneytor is designed for you to avoid stress and achieve maximum output. Its seamless workflow ensures that it is easy and safe to carry out money market transactions. It fully automates the processes of capturing deal details, offer letter printing, and maturity proceeds collection or rolling over to new deals. All these are done within a fully controlled work flow environment.
  • Moneytor enforces that all necessary fields are captured and checked for discrepancies, e.g. weekend maturity warnings, 360/365 days interest calculations, back-end or up-front interest payments.
  • Automatic and accurate accrual of interest on a daily basis with special algorithms that eradicate rounding-up errors which ensures you don’t lose any kobo.
  • Automatic Rollover of deposit processing with historical trace for life. The rollover process is all inclusive. You have the full options to rollover all the matured proceeds, principal only, withdrawal of any amount from the proceeds and rollover the balance, as well as addition of more fund to the proceeds before rollover. In each case, Moneytor ensures strict compliance to your business rules.
  • Your call/current accounts are not left out. Moneytor tracks all debits/credits to your various accounts and gives you up to the second cash balances. It also predicts your cash flow into the future.
  • Termination or change of terms during the life of a transaction is made “as easy as ABC”. Moneytor gives authorized users the ability to settle fully or partially and restructure a currently running transaction. It ensures full interest to the date is factored in as well as a flexible penalty can be introduced or waved for breaking initially agreed terms of contract.

  • Weekend maturity/payment dates warning. Moneytor ensures you do not lose income (interest) by alerting you to transactions (new or rollovers) that will mature on a weekend. It suggests to you a reduction or increment in the numbers of days (duration) which ensures you get the full benefit of your investment.

VALUATION PROCESSING

  • Runs valuation on portfolio for all asset classes’ transactions, generating information on Net Asset Value, Management fees due, unit value.
  • Valuation Run of single or multiple tagged portfolio with little human interference.
  • Details of the last valuation date of each portfolio and Net Asset Value (NAV) of each portfolio as at last valuation.
  • Breakdown of valuation history of portfolio.

 


COMPLIANCE ENFORCEMENT

This is provision for setting up investment allocations based on company policy and rules to be adhered to before performing transaction.

Our compliance monitoring service offers solutions that efficiently and objectively monitor adherence to the organization guidelines you identify as prerequisites. Putting into consideration from the simplest requirement to the most complex quantitative procedures, restrictions and limitations can be applied across a single portfolio or across multiple portfolios as desired.

Investment Compliance System takes care of the following:

  • Customization of your investment compliance guidelines and simplify monitoring with breach notification whenever the compliance setup has being broken.
  • Asset class and Portfolio investment allocation
  • Industry, sector and security investment limits
  • Counterparty with low credit risk setup
  • Effective date of compliance setup
  • Counterparty exposures and investment rules
  • Asset mix, tracking error, quality ratings
  • Allows compliance override for exceptions in policy setup

CASH FORCAST

  • Ability to generate cash forecast for multiple portfolio based on the transaction performed on them.
  • Gives details of cash receivable from investment for better information for future investment.
  • Ability to use filter to display only cash forecast for days of investment.
  • Cash forecast goes through the approval process for scrutiny before application.

PORTFOLIO MANAGEMENT

  • Centralized management of asset and securities (Shares, Bonds, and other securities)
  • Ability to monitor determine the strength and growth of portfolio based on the performance
  • Calculate and gives details of dividends due but unpaid at the valuation date, accrued interest on fixed-income securities and exchange rates.
  • Calculates market values of shares based on current market stock price.
  • Account statement preview on all transaction performed, cash flow in and from the portfolio.
  • Gives options for several ways securities (Equity, Fixed income, Real estate) can be valued, and how management fees can be charged on a portfolio.
  • Fees setup for Asset managers, Custodian, and Regulator with options for deduction on daily or monthly basis which can be based on Gross or Net Asset Value.

 

ADDITIONAL FUNCTIONS IN MONEYTOR

  •          Back Office Process
  •          Configurable Work-flow process
  •          Valuation Run
  •          Equity Sales Alert
  •          Fund Classification
  •          Sales Trigger Assignment
  •          Return On Assets
  •          Branch Access Control (Set Up)
  •          Performance Versus Benchmarks (Inquiry)
  •          Cash Forecasting
  •          Compliance Modeling
  •          Change In Share Value
  •          Company Performance
  •          Graduated Management Fees

 

BENEFITS

  • Very robust investment tracking with accompanying reports
  • Un-parallel daily valuation calculations with historical tracking
  • Leveraging on the industry experience
  • Interface capabilities with third party applications e.g. Galaxy, Tetra Sage, Sun Accounting System, Globus, CPAS, NSE etc. (It also comes with full accounting functionalities)
  • IFRS Ready
  • Multiple funds management capabilities
  • Equities, Bond Stocks, and Treasuries/Money Market processing ready
  • Automated M/Market Dealing
  • Unit Prices [Bid, Offer, & Mid] calculations
  • It is designed for the exceptional Nigeria environment with international standards
  • User-friendly with clear workflow processes defined
  • Multicurrency
  • Robust reports with user-defined capabilities
  • Seamless interface with Business Intelligence tool [QlikView]

 

LENDER HEADERThe Simplex Lender is software designed to manage the life cycle of loan transactions to customers.

FEATURES

LENDING PROCESSING

  • It has a robust Know-your-customer module for capturing all customers’ information in accordance with the regulatory requirements.
  • It allows for the capture of all loan applications and also has a flexible management fees module.
  • The system captures basic information about the loan transaction such as the facility amount, facility type, tenure, interest rate, and a repayment plan.
  • The system uses various interest modes (month, annum, leap year, biannual, or quarter) and interest types (Fixed, Reducing Balance and amortization) in the interest computation.
  • Facilities can be categorized into different facility types, product-lines, business units and locations.
  • Facilities can be attached to one or two relationship managers.
  • On expiration of the tenure of a facility, the user has the option of rolling over the outstanding balance, the principal amount only or the interest element only.
  • Lending application allows for very easy termination or change of transaction terms during the course of an ongoing transaction. Authorized users can settle fully or partially and restructure a currently running transaction. Interest accrued to the date is taken to consideration as well.
  • The system has three levels of approvals for facility processing.

 

 DISBURSEMENT AND REIMBURSEMENT PROCESSING

  • Only transactions that have been approved can be disbursed.
  • In cases where the loan is to be disbursed in tranches, the application allows for such.
  • The application also allows for disbursement of extra funds on an already running loan.
  • The system allows for reimbursements in the case of contract financing.

 

INTEREST ACCRETION

  • The system calculates interest on a daily basis and posts same into customers’ account at the end of every month, or upon maturity.

 

RECEIPT

  • Lending application allows the user to capture customers’ repayments as well as the mode of repayment (cash, cheque, direct credit or EFT).
  • The system handles cases where a customer wants to apply a bulk payment (e.g. a single cheque) on multiple loans.
  • The system captures reversals and can apply return cheque charge.
  • In cases of default on structured loans, the system handles default charge.

 

TERMINATIONS

The system has a robust termination module to handle all forms of restructuring such as change of interest calculation type, extension of tenure and full liquidation of running loans.

 

BENEFITS

  • Interface capabilities with third party applications e.g. Galaxy, Tetra Sage, Sun Accounting System, Globus, CPAS, NSE etc. (It also comes with full accounting functionalities).
  • It is designed for the exceptional Nigeria environment with international standards.
  • User-friendly with clear workflow processes defined.
  • Multicurrency.
  • Robust reports with user-defined capabilities.
  • Seamless interface with Business Intelligence tool [Crystal Report].
  • Seamless interface with Business Intelligence tool [QlikView].

bORROW HEADER

The Simplex Borrow is an investment management software designed to manage investments of customers who choose to borrow financial institutions’ funds with an aim to get their money back with interest. It handles both tenured and non-tenured kind of fund placements.

FEATURES

BORROWING APPLICATION

  • Borrowing application provides adequate data capture screens for all product types set into the system. It automatically adapts the screen to suit the particular characteristics of the borrowing type to be used. This guarantees seamless use and less training for users.

  • Based on the information captured, it calculates the interest payment schedule (how much interest is to be posted into the account on a monthly basis), the maturity date and the repayment amount.
  • Interest mode is usually per month, per annum or per leap year.
  • The user is allowed to choose the interest payment type (Back End (arrears) or upfront (advance)).
  • Borrowing allows the user to set fees such as management fees, WHT fees and so on.
  • The user has the full option to rollover mature transactions, principal only, withdrawal of any amount from the balance of the just-completed transaction and rollover the balance, as well as addition of funds to the balance before rollover.
  • Borrowing application allows for very easy termination or change of transaction terms during the course of an ongoing transaction. Authorized users can settle fully or partially and restructure a currently running transaction. Interest accrued to the date is taken into consideration as well.
  • Transactions can be categorized based on product type, product line, business unit and location.
  • One or two relationship officers can be attached to a transaction within the system.
RECEIPT

  • The system captures the various modes of payment (cash, cheque, direct credit or EFT)
  • The application also gives the user a chance to correct previously captured receipts in case of an error in the receipt.
LIQUIDATION

The system allows for either addition or withdrawal of funds from a running investment /placement. Additions to running investments can be handled by capitalizing the interest till date or keeping the interest to date and making the addition on just the principal. On maturity, the maturity value of the fund can be fully paid or partially paid while the remaining fund is rolled over. Also additions can be made to the maturity value and then rolled over.

CUSTOMER ACCOUNT MANAGEMENT

Borrowing Application allows for accounts to be created, where customers can deposit money and withdraw money like a savings account. This form of transaction has no tenure and the customers who have money deposited there can transfer their money to the other borrowing plans to be used for investment.

BENEFITS

  • Interface capabilities with third party applications e.g. Galaxy, Tetra Sage, Sun Accounting System, Globus, CPAS, NSE etc. (It also comes with full accounting functions)
  • Multiple funds management capabilities
  • It is designed for the exceptional Nigerian environment with international standards
  • User-friendly with clear workflow processes defined
  • Multi-currency
  • Robust reports with user-defined capabilities
  • Seamless interface with Business Intelligence tool [Crystal Report]
  • Seamless interface with Business Intelligence tool [QlikView]