FundBridge
(Code name "XBRLwiz")
Automated Financial Reporting Solution
FundBridge is a 100% web based financial reporting solution
that utilizes advanced and proven technology to meet the current and
future financial reporting requirements for mutual funds, variable
products, alternative investments and other instruments of
Investment Management companies.
In 2000, Softputer’s staff developed an innovative, web-based
financial reporting application for the largest Mutual Fund company
in the world. Today 60+ professionals continue to use the system to
generate financial statements for 850+ funds and 2100+ share classes
on two accounting platforms. They continues to be extremely
satisfied with the systems stability, scalability, and flexibility
to accommodate the ever increasing volumes and complexity of their
financial reporting requirements.
In 2005 Softputer re-engineered the entire financial reporting
application from the ground up and developed FundBridge.
In addition, FundBridge is a full-feature, completely automated XBRL
ready application that can generate the reports in XBRL (eXtensible
Business Reporting Language) format with the latest 2.1
specifications.
FundBridge is easily integrated with any accounting platform, including
Microsoft Great Plains, DST Systems, C-Port, InvestOne and Eagle
STAR.
The following is a high level description of features and
functionality of FundBridge.
General :
- Designed as Web based application allows real time
access of data to multiple organizations from any location
- Never require any Client installation and NO need to
download any add-ons, ActiveX and Applets
- Unmatched Scalability handles multiple companies for
Third Party Administrators with proprietary infrastructure
- Data-driven and highly Customizable by users, no need for programmers
- User friendly, rich and intuitive user interface, easy
Training
- Multi-tiered Security that supports and enforces
organizational sign-off, internal Controls and
Audit trail
- Conforms to Sarbanes-Oxley requirements
- Comprehensive Wikipedia style Online Help for every screen
- Automated Exceptional Error notification to system's
administrator
- Online Incident reporting and tracking
- 24/7 Online Support as well as phone support
Process Functionality :
- Imports Data from any Fund Accounting System in any
format
- Accepts Input Data from multiple databases, Excel
spread sheets, Data Feeds and Manual Entries
- Allow Single and Double sided Adjustments to General
Ledger data
- Automated and Manual Reclass of General Ledger
Accounts
- Calc Engine with sophisticated Rounding to
generate Line Items
- Retains Historical data and allows Loading and
Editing of the historical data
- Embedded workflow and process monitoring
- Designed to process any kind of investment product
- Data driven platform with emphasis on flexibility for large
fund complexes
- Provides Analytical support for "what-if" scenarios
by utilizing historical and predictive data
Reports :
- Supports the following output formats: XBRL, XML, HTML,
RTF, PDF
- Generates Audit Worksheet
- Generates Line Item Worksheet
- Generates History Line Item Worksheet
- Generates Proofs for auditing purpose
- Generates Financial Statements
- Generates Footnotes
- Generates Financial Highlights
- Automatically selects, customizes and generates Financial
Statement Notes
- Generates XML output of all line items
- Generates XBRL output - Internationally recognized
format
- Supports all Regulatory Filings such as N-SAR, N-Q,
N-CSR, 10-Q, 24f-2, XFDL and Prospectus/SAI
- Exports any data to any location
- Archives data and reports
Maintenance and Support :
- User Access and Profile setup
- Fund Profile and Class setup
- Input/Output Data Source and Account Code
setup
- Reclass Mapping and Profile setup
- Line Item Mapping and Profile setup
- Notes and Footnote Library
- Calendar setup
- Incident tracking and reporting
- Exceptional Error tracking and reporting
Business Benefits :
- Rapid proof-of-concept and implementation
- Ease of deployment across multiple locations
- Increased operational efficiency
- Reduced cost of preparing financials per fund
- Lowest total cost of overall ownership
- Increased Security
- Reduced risk
- Workflow Status regardless where a fund is processed
Technology :
- Server side Java and client side JavaScript
- MS-SQL Server 2008
- Zero foot print, no need to install anything on the user’s
desktop
- 100% web based application with no plug-ins, add-ons or
applets
- Unmatched scalability and flexibility
- Multiple hardware configuration customized for each client
- Near Real Time Disaster Recovery
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