ITSS-ClavisAsset migration at Generali Alapkezelő

At Generali Alapkezelő Zrt., an asset manager with one of Hungary’s largest assets under management, the replacement of the proprietary ITSS backoffice system started in July 2008. The deployed ClavisAsset system provides the asset management backoffice software support.

DORSUM SOLUTION: CLAVISASSET ASSET MANAGEMENT PRODUCT

  • Full support of backoffice processes (basic data registration, account management settlement, asset valuation, limit calculation, reporting architecture, mandatory reporting)
  • Bloomberg, custodian files, Government Debt Management Agency and Hungarian capital market site currencies and market data imports
  • Automatic interfaces and FTP upload towards external systems (website, data warehouse, Synpac, TeleCenter)
  • Automatic file interface towards Unicredit custodian (Spectra)
  • Automatic accounting and dispatch into the SAP system by Hungarian and international (IFRS) regulations

VALUE

  • During ITSS and ClavisAsset migration the historical data were cleaned.
  • Compared to the previous ITSS management system, the new and automated ClavisAsset functions help increase the efficiency of asset management
  • With the help of the system, we have substituted the paper-based communication between frontoffice and backoffice.
  • During the project, numerous individual reports have been implemented and the system’s architecture supports fast implementation of other reports. In contrast to the previous solution, Clavis fully manages booking according to all Hungarian and international IFRS regulations.
  • The parameterizable and upgradeable framework allows opportunities for future upgrades, new module and function implementation.
  • After implementation, Dorsum Ltd. continuously maintains and develops system limits, valuations and mandatory reports in accordance with the legal requirements.