Brokers and Traders

Industry Expertise

Information systems serving the Brokerage industry must convey the right information — to the right people — at the right time! When this happens, institutions can maximize profitability by regulating expenditures, boosting revenue and controlling risk. In times when budgets are tight and economic conditions are unclear, an astute investment in systems that add value to a business means that it can respond much more rapidly to shifting business conditions and can benefit from the economies and efficiencies garnered from a more responsive back office operation.

Brokerage houses have an on-going need to revise business processes and change IT systems so they can conform to strict global regulatory requirements such as Sarbox, International Accounting Standards (IAS) and the Basel Capital Accord (Basel II). This can only be expected to increase as more brokers and brokerage houses add to their worldwide presence.

Sapphire has more than 20 years experience supplying brokerage houses with financial and business management applications. Our solutions work for all companies — large or small, domestic or global.

Sapphire's range of solutions can include:

Full back-office accounting, business and performance management capabilities

Seamless two-way communication between back and front office systems

Automated compliance reporting pack options

Sophisticated multi-currency features that are easy to use make it possible to trade in any currency and to see the data correctly

Access to timely information for multiple hierarchies made possible by advanced consolidation functionality

Multi-GAAP, IAS and IFRS compliance

Open periods to match posting and reporting requirements for the organization

Dual base-currency

Tax reporting with up to 100 criteria available for selection

Standard text for attachment to transaction types and data records

Multi-Currency asset register

Integration Systems

So that they can be more responsive to the needs of both the market and their customers, many brokerage houses augment financial data by improving integration and straight through processing with fund management and settlement systems. The result is that cost reporting and analysis features are refined, the strategic planning process is improved, and dependence on spreadsheets for management reporting, budgeting and forecasting is minimized.

If you are interested in seeing any of our product and services in action, why not check our events section for further information.