So what is Cash Management Services for APX?
Cash Management Services can now be executed directly within APX or over the Intranet, making the creation and handling of the cash-related products a fast and reliable process. All in one, within your trusted APX platform!
Cash Management Services (CMS) Product is a web-based solution, designed exclusively for SS&C Advent Portfolio Exchange®(APX®) customers.
- Fast and reliable way to handle multiple money market instruments
- Automation of import and pricing of new securities
- Automation of transaction posting to the relevant portfolios
- Minimization of human intervention and error
- Detailed internal reporting and calculation of future liabilities and profits
- Calculation of penalties using custom formulas, given the ad-hoc ability for change
- Tax charges calculation over transactions
- Roll-over functionality