NaviCon Invest LE

NaviCon Group solutions for investment companies provide explicit and scalable integration mechanisms and management tools for investment processes, thus streamlining financial management in consolidation, and in IFRS, accounting and tax accounting areas. These solutions are designed for the companies that deal with securities trading, provide investment banking, asset management, alternative investment and personal investment and finance services.

Those investment companies who implement NaviCon Group solutions for consolidation of their operations and report generation purposes get the following benefits:

• daily generation of consolidated operational reporting;
• creation of consolidated reporting with necessary analytical dimensions and for several consolidation perimeters;
• consolidated data about availability and distribution of all financial tools per companies within an investment holding, about financial status of a holding, and about the availability and distribution of circulating assets;
• creation of consolidated reports according to the IFRS rules;
• high reporting quality and credibility;
• optimization of human resource and time costs spent on report generation.

The functionality of NaviCon Group solutions for investment companies covers the following industry specifics:

• Accounting: transaction accounting including stock transactions and generation of corresponded standard reports;
• Tax accounting: transaction accounting including tax calculations for financial tools, creation of necessary registers, profit tax, VAT statements, property tax, etc;
• IFRS accounting: data conversion from RAS, posting correction transactions, cost allocation, operational P&L, balance, cash flow reports, etc.

Typical architecture of information systems used by investment companies, who operate on the stock market is described below:

NaviCon Invest LE solution is based on Microsoft Dynamics NAV ERP platform; it automates all functions of Leger Entry class systems. The solution offers the investment companies the following functions:

• Creation of IFRS reports per legal entities:

o Balance Report;

o P&L Statement;

o Cash Flow Statement;

o Statement of Shareholders’ Equity;

o Company Commitment Report;

• Operational reports:

o corporate standards report;

o capital utilization report.

• Consolidated reports:

o generation of consolidated reports per all analytical dimensions (including all security papers and security deals analytics);

o daily regulations for report generation (including group consolidated reports);

o generation of consolidated reports for several consolidation perimeters;

o data consolidation about availability and distribution of all financial tools per companies within a group, about financial condition of a group, and about availability and distribution of circulating assets.

• Russian reporting:

o Creation of Russian Accounting Standard reports for all legal entities. Generation of 1-5 forms of standard reports with export to an electronic format (export to Taxcom-Sprinter, Contour-Extern). NaviCon Invest LE covers all RAS transactions and supports data import of securities transactions from banking systems (e.g., from Diasoft).

o Creation of tax statements for all legal entities and their export to an electronic format. NaivCon Invest LE solutions automates tax accounting for all transactions and provides full tax calculation mechanisms for all financial tools.

• Financial tools management:

o stocks.

o bonds.

o derivatives:

- options;

- futures;

- forwards.

• Deal types:

o trading deals;

o REPO deals.

• Processing:

o calculation of tax income and unit cost (FIFO-calculator, conversion calculator, deferred revenue, unit cost, etc);

o coupon yield processing;

o revaluation of basis assets;

o quotation import (RTS, Bloomberg, MICEX);

o interest calculation for REPO deals;

o intermediate data control (trading book inventory, short positions, etc.);

o analysis of results (sales-purchase amounts and quantities, REPO deals indicators, opening and closing of short-positions, etc.).