The real-time accounting engine of Maracuya’s solution is unique to the industry. All calculations are done right away, meaning that immediately upon submitting a transaction, it is reflected in the appropriate accounts. Many systems require nightly processing, batch processing or data loads, all of which slow down your decision-making. You won’t have to wait with our solution.
Our accounting engine is fully multi-currency. This means that assets are valued in their own currency and any account can hold cash or securities of any currency. For your clients, this means that there is no “hidden foreign exchange” with its associated costs and inefficiencies. Assets can be notionally revalued to any other currency if desired, all the while still being held in their own currency. We can even generate statements based on your client’s choice of currency even if it differs from your company’s own.
For firms that offer margin accounts, we have an interest calculation engine that generates interest charges each month for accounts in debit. We assign a marginable value to eligible security holdings, and allow you to extend margin where your own policies apply. Margin reports make sure that you don’t exceed your risk tolerance while maximizing your interest revenues. Detailed purchasing power allows clients to see what contributes to
The lifeblood of a financial services firm is its revenue generated from operations. Maracuya’s solution provides a highly configurable commission, fee and interest calculation module, tightly integrated into the trading and workflow processes. Transit accounts hold revenue in suspense during a financial month and our easy-to-use sweep process moves this to a designated firm account at the end of the month. All revenue is audit-able right back to the original client instruction. We even generate files that you can use in popular general ledger accounting packages like QuickBooks or Sage Peachtree, simplifying your bookkeeping.
The most important function of an asset manager or brokerage firm’s accounting function is to provide reconciliation of client accounts against the depository, custody and prime brokerage accounts where you hold your clients’ assets in the real world. Our accounting solution has mirror accounts for your “market side” accounts and a powerful reconciliation and matching engine to make sure that the back-office team can track any differences and resolve them immediately. The “client side” accounts, visible to your front office group are always reconciled with this market side. This tight integration ensures that your client accounts always reflect what you hold for them in the real world.