3i Infotech – Western Europe, a global provider of IT solutions, today announces the release of Reporting to Clients 2.0 – an enhanced version of its client reporting solution that covers the whole gamut of requirements from institutional and private client to retail and internal reporting.
As investors seek greater transparency in the wake of toxic securities and the Madoff case, data providers are under increased pressure to ensure that client reporting is of the highest quality. The latest version of Reporting to Clients includes new data provision and modeling – applications that will reduce the burden placed upon the data provider and add value prior to onward report generation.
Reporting to Clients 2.0 incorporates further data collation and workflow tools, together with comprehensive monitoring screens to enable managers to view progress. The enhanced solution provides a simple yet powerful drag-and-drop definition screen that allows users to define processes to mirror their business processes. A task allocation facility allows for human interactive tasks to be allocated, completed and monitored via a standard Role à User à Task Workflow paradigm.
Ian Hallam, Product Director, 3i Infotech – Western Europe, commented, “The new functionality that we have incorporated into Reporting to Clients 2.0 builds on what was already a sophisticated and proven client reporting application. The enhancements are both a response to market demand and 3i Infotech’s objective of providing an innovative solution to make the client reporting process smoother and less onerous.”
Data Provision & Data Modelling
• User-defined data tables – users can create and maintain their own data tables within the application’s database for use in the reporting process and can be used to define data that may not readily be available elsewhere
• Several enhancements have been made to the entity level of the modeling facility:
- Data Filters - simple filters have been added to enable the retrieval of a sub-set of data from within a larger data set
- Data Pivot – provides the ability to pivot rows of data to assist charting
- Compulsory Data – enables the data within an entity to be specified as compulsory at an instance level helping to ensure data quality prior to report generation
- Reference Data – a new entity type of reference has been added and the ability to enhance dynamic data with reference data. This facility helps to provide consistency across data from differing sources by providing a common reference data pool
- Distinct Data – this simple facility enables entity data to be ‘unique’ and is akin to the SQL DISTINCT function. This is useful to define data hierarchies from within flat data structures such as delimited files and thus provide greater flexibility of template design
Data Collation and Workflow
• User Defined Processes - a simple yet powerful drag-and-drop definition screen has been provided that allows users to define processes that mirror their business processes. The design allows the business processes to be initiated on either an ad-hoc or scheduled basis
• Task allocation - the facility allows for human interactive tasks to be allocated, completed and monitored via a standard Role à User à Task Workflow paradigm. Workflow users are provided with a task basket screen that guides them through their tasks as dictated by the business process
• Process monitoring - when defining a process the anticipated time-lapse (task duration in some cases) can be added. This enables task-by-task monitoring against the expected completion time. Comprehensive monitoring screens allow managers to view progress through current processes as well as potential conflicts/bottlenecks across processes; via a diary viewer
• Message Centre - a message handling facility has been created for internal, email and SMS messaging, with interfaces being written for two SMS service providers. Messaging in any form can be easily added to a business process definition