Efficient financial processes are the lifeblood of every business enterprise. They affect how companies manage costs, revenues, and interactions with customers, partners, and employees. Today, the automation of common information-based business processes and the need to make those processes easy to deploy are key elements in the drive toward Straight Through Processing (STP). What is STP? Widely regarded as the next step to achieving greater efficiency in the financial industry, STP is a business solution that seeks to remove all manual and redundant processing steps for the entire life cycle of a trade, from start to finish. Among other goals, STP seeks to reduce—or eliminate—trade and settlement failures, decrease settlement time, and lower costs. More and more, financial managers believe that using STP tools and solutions will improve service and increase a company’s overall productivity. BenefitsThe benefits of STP include: | • | Reduced operational, maintenance, and per trade costs. | | • | Lowered risk of compliance violations. | | • | Increased flexibility with scalable architecture and messaging. |
The following STP solutions can help your company streamline your business processes:Volante Technology solutions
Real-time management of reference data is absolutely essential in today’s regulatory and competitive environment. Consequently, businesses are seeking low-risk and low-cost solutions that work with their existing infrastructure investments. Volante provides the financial services industry with solutions that offer end-to-end management and processing of business transactions, market data, and reference data. Volante’s data management solutions provide the ability to meet time-to-market pressures, while managing metadata across multiple applications and platforms. Furthermore, Volante enables regulatory compliance while processing trade transactions in real time. Microsoft BizTalk accelerator for SWIFT (A4SWIFT)
Microsoft BizTalk Server 2004 and the BizTalk Accelerator for SWIFT (A4SWIFT), integrate internal securities and trading applications with external communication standards and services. Standard formats are often modified by custodial organizations to accommodate specific securities types or historical processing requirements. BizTalk adapters and XML features simplify the extraction of this data—either as part of a workflow or as a directed process. Using the BizTalk orchestrations facilities along with drag-and-drop mapping, and incorporating the SWIFT FIN messaging provided by A4SWIFT, custodian-specific interfaces can be built and tested without any code on the systems of record or transaction systems.
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