NOVA Accounting

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Complete Solution

With the complexity and volume of corporate action events increasing, the NOVA Corporate Actions provides a centralised and reconciled view of corporate actions across all markets, asset classes or currencies.

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Simple & Flexible

The platform allows users to define and create corporate action types and workflow instead of depending on development changes, thereby significantly increasing efficiency and enabling faster time to market.

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Events Agnostic

The NOVA platform supports corporate actions from cash dividends, bonus issue, share split, consolidation, interest payment and more

The NOVA Account module provides client accounting facilities to support the various financial transactions generated within the NOVA system. It includes management accounting functionality and provides an export facility for transferring account balances (according to user-defined consolidation rules) to other general ledger systems.

Features

Multi-Currency / Transaction & Value Date Accounting

Cross-Company and Cross-Currency transactions

User-defined transaction posting rules, Accounting Periods and Account groups

Real-Time Account Balance and Transaction Enquiries

Journals

Periodic and ad-hoc report generation

Double entry accounting for Stock & Cash

Supports both File and Real-time API adaptors

Periodic Statement Production in User-Defined Statement Format

Benefits

Streamlined and straight-through accounting reporting
Complete integrity and control over accounting records
Flexible reporting to meet local requirements
Real-time visibility of critical data including balances and positions
Improved substantiation to meet internal and regulatory audits

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