Aceway Software

            



Moneyman


Product Summary

Please read about the modules below and look at the Moneyman Common Scenarios >> to better determine your requirements and then contact us for questions and pricing.


Module Summary

Moneyman consists of the following modules.
The concept applies to Moneyman Desktop and Moneyman Online although the actual method of operation will be different.
A separate Company or Dataset or Ledger may be maintained where more than one module is being operated.



System Setup & Control - Pre-requisite for all Modules
Client Deposits - Deposits-In from Clients (Deposit Taking, Notes System)
Client Deposits Professional - Deposits-In from Clients and either direct with you or through a broker/agent
Growth Fund - Deposits-In from Clients with a distribution based on capital growth
Client Bonds Professional - Deposits-In from Clients who are investing in Bonds - from Direct Clients and through brokers/agents
Money Market Investments - Deposits-Out in the Cash Money Market (Loans)
Loans - Money Lent to Clients - Deposits-Out (Loans)




System Setup & Control
 
Pre-requisite for all Modules

The System Setup and Control programs are used to set up the system after it is installed with control information, system defaults, valid codes and descriptions, and details about clients, investors and banks (yourself, banks, branches, parishes, agents, brokers). Once set up, new codes can be added and the information can be changed where it is valid to do so.
 




Client Deposits Standard  

Deposits-In from Clients

It essentially differs from Client Deposits Professional in that there are no Brokers or intermediary parties.

The 'Moneyman' Deposits-In from Direct Clients Module is a ledger showing who has deposited money, how much, when, and on what terms. It calculates the interest and makes easy work of interest rate changes.

The ledger may be kept by churches, schools, finance companies, co-operatives, banking/non-banking institutions, semi-government, solicitors trust funds, public accountants etc. Anywhere where deposits are being accepted from clients and interest paid on various terms.

What does this module do?

Deposits are accepted from clients for various deposit types. The client may be quoted any interest rate. The interest rate offered may vary by client and could depend on the amount deposited. Interest rates may be changed daily if necessary. Deposit details such as start date, maturity date, amount, deposit type, and interest rate may be entered. The deposit type may be any user defined type such as ON CALL (ON DEMAND) or many terms for FIXED (TIME) accounts such as 7 DAY, 30 DAY, 1 MONTH, 3 MONTHS, 1 YEAR etc.

A daily register may be printed by Deposit Type and/or client showing all deposit and withdrawal and adjustment transactions for that day.

Interest may be calculated daily, taking account of changes in the interest rate or changes in the deposit amount. The calculated interest is accumulated and may be repaid by cheque, paid by automatic bank transfer or automatically added (re-invested) to the current deposit amount or to a another account within the ledger. A flexible interface is available to export information for import to an accounting system.

Withholding tax and non-resident tax is deducted in conformance with Australian Taxation requirements.

At end of month, a report may be printed showing the interest details for the month for each client i.e. showing deposit number, deposit type, date in, date out, days in, principal, interest rate and interest amount with a net total for each client.

A flexible reporting facility is available that enables the data to be analysed in various ways. A balancing control report can be printed at any time and checks that the system is in balance. If the system gets out of balance for any reason then this report is the early warning of the error. The same report can then be used to print the detail of each deposit so that the deposit in error can be identified.




Client Deposits Professional

Deposits-In from Direct Clients and Brokers  

The 'Moneyman' Deposits-In from Direct Clients and Brokers Module is an extension of the Client Deposits Standard module listed above with extensions to suit the professional Money Market Cash Management Provider. It provides support for the acceptance and tracking of deposits through brokers. Brokers may be provided with a secure connection for viewing their client account details. Automated electronic Direct Entry files may be exchanged with the brokers.

The ledger may be kept by banking and non-banking financial institutions. Anywhere where deposits are being accepted from clients and brokers with interest paid on various terms.

What does this module do?

Deposits are accepted from clients and brokers for various deposit types. Processing is similar to the Client Deposits Standard module listed above. Daily transaction are entered into a worksheet and balanced on a per broker basis. The broker's advisor numbers or codes may also be recorded and used for sub-totals on reports. Transactions may be imported directly into the worksheet from a Direct Entry file from the broker. A confirmation file with system generated transactions and balances may be sent back to the broker.

A daily transaction listing may be printed by transaction type, broker and/or client showing all deposit, withdrawal, interest and charges transactions for that day. It includes variable selection, sort and sub-total options.

A daily current deposits listing with variable selection, sort and sub-total options may be printed with a Resident/non-resident summary.

Utilities are provided for converting the terms of deposits without having to withdraw and re-open another account.

A powerful inquiry program allows search and find features by Client Code, Deposit No, and Bank/Broker Code, District/Branch and Advisor with the ability to drill down to transaction and interest details and with a print facility suitable for sending to clients.

At end of month, a report may be printed showing the interest details for the month by broker for each client i.e. showing deposit number, deposit type, date in, date out, days in, principal, interest rate, interest amount and brokerage with a net total for each client and broker. This may be sent to the brokers as a statement of the month's brokerage and client interest earnings.

The statements show transactions as well as daily interest details.

Besides their being a flexible reporting facility, an ODBC interface is also available for SQL query. Data can also be imported into other products such as Microsoft Access.




Growth Fund

Growth Fund Deposits-In from Clients with a distribution based on capital growth  

The Growth Fund module is an extension of the Client Deposits module and either the standard or professional version.

Instead of earning interest on deposits, there is a distribution based on the capital growth of the fund.

At the end of a period such as six months or twelve months, Management decides what the total distribution will be. This figure is plugged into the Moneyman Growth Fund calculator and each account gets a distribution based on the daily balances.

Growth funds are typically higher risk than interest earning deposits and consequently typlically deliver a higher return. The risk/downside is that the return is dependant on the performance of the fund and there can even be a negative return.

Besides a distribution, Moneyman Growth Fuund also has a Revaluation facility. This is where the balance of each account can be written-up or written down. Management just decides the total revaluation amount and it is distributed based on the current balance of each account.

The Growth Fund can be separate or integrated into the same dataset with call and fixed term deposits.

The Growth Fund is sometimes likened to a Unit Trust where the Units are the dollars invested.




Client Bonds Professional

Investments in Bonds from Direct Clients and Brokers

The 'Moneyman' Bonds Module for investments from Direct Clients and through Brokers is a bonds register to suit the professional Bonds investment provider. It is sometimes called the Bonds Registry. It provides support for the acceptance and tracking of bonds through brokers/branches. Brokers may be provided with a secure connection for viewing their client account details. A bond is similar to a Fixed Term investment with interest paid on the anniversary of the starting date.

The ledger may be kept by banking and non-banking financial institutions. Anywhere where investments in Bonds are being accepted from clients and through brokers with interest paid on various terms.

What does this module do?  

Investments in Bonds are accepted from clients and brokers for various deposit types.  Daily transaction are entered into a worksheet and balanced on a per day basis. The broker's advisor numbers or codes may also be recorded and used for sub-totals on reports.

A daily transaction listing may be printed by transaction type, broker and/or client showing all new applicationst, redemptions, interest payments, transfers and reinvestments for that day.

A status listing of current bonds by variable sort and sub-total options may be printed with a Resident/non-resident summary.

Utilities are provided for renegotiating the terms of deposits without having to withdraw and re-open another account.

A powerful inquiry program allows search and find features by Client Code, Deposit No, and Bank/Broker Code, District/Branch and Advisor with the ability to drill down to transaction and interest details and with a print facility suitable for sending or faxing to clients.

At end of month, a selection of reports are available showing transaction analysis, new business, branch/broker analysis, cost-of-funds analysis.

Various interfaces can be customized for General Ledger (e.g. SAP), Datawarehouse, Cash Flow analysis, Direct Banking and other interfaces.

Customer advices for various letters can be established using standard text file templates.

Besides their being a flexible reporting facility, an ODBC interface is also available for SQL query. Data can also be imported into other products such as Microsoft Access.
 




Money Market Investments
 

Deposits-Out in the Cash Money Market (Loans)

This is sometimes called 'Loans'. The 'Moneyman' Deposits-Out Module is a investment ledger showing who has invested money, how much, when, and where it was invested. It calculates the interest and makes easy work of interest rate changes. It can optionally integrated to the securities pledging module to track securities pledged against deposits.

The ledger may be kept by finance companies, co-operatives, company accountants, investors, solicitors, public accountants, banking/non-banking institutions, semi-government etc. It is particularly suited to investing in the short term money market.

Special deposit types are available so that this module can be used to also keep track of investments in discounted securities by treating them as fixed deposit cash investments, not selling them and allowing them to mature at face value.

What does this module do?

Deposits are placed with Banks on various terms. You may be quoted any interest rate. The interest rate offered may vary by deposit and could depend on the amount deposited. Interest rates may be changed daily if necessary. Deposit details such as start date, maturity date, amount, bank, investment type, and interest rate may be entered. The investment type may be any user defined type such as 11 AM call, 24 hour call, fixed terms etc.

A daily register may be printed by merchant bank and/or Investment type showing all deposit and withdrawal and adjustment transactions for that day.

Interest may be calculated daily, taking account of changes in the interest rate or changes in the deposit amount. The calculated interest is accumulated for balancing with the amount offered by the bank.

At end of month, a report may be printed showing the interest details for the month for each bank i.e. showing deposit number, investment type, date in, date out, days in, principal, interest rate and interest amount with a net total for each bank. This report can be used to balance against the statements received from the Merchant Banks.

A flexible reporting facility is available that enables the data to be printed and analysed in various ways. A balancing control report can be printed at any time and checks that the system is in balance. If the system gets out of balance for any reason, such as a data corruption from a spike in the electricity supply or bad disk, then this report is the early warning of the error. The same report can then be used to print the detail of each deposit so that the deposit in error can be identified.




Loans
 

Money Lent to Clients - Deposits-Out to clients (Loans)

This is normally called 'Loans'. The 'Moneyman' Loans Module is a ledger showing who has been lent money, how much, when, and on what terms. It calculates the interest and makes easy work of interest rate changes.

What are some of the loan features?. It can operate like a credit facility where loan installments are not fixed or it can do loan installment tracking including installments due or overdue. It tracks installments/repayments when they are made. It allows for pay-ahead on installments. There is a 'Notes' facility where free-format notes can be recorded against a client e.g. to record security held or other notes.

The ledger may be kept by churches, co-operatives, company accountants, investors, solicitors, public accountants, banking/non-banking institutions, semi-government etc. It is particularly suited to being a small loans system that avoids the cost of expensive systems.

Various account (loan) types can be configured. This is a way of grouping 'like' loans or loans for special purposes. It enables different rules and reporting for each grouping.

What does this module do?

Loans are approved and then entered with a zero balance. A loan advance is made when there is a draw down. A loan payment is entered when there is a repayment. Interest is calculated on the daily balance. You may apply any interest rate. The interest rate offered may vary by loan. Interest rates may be changed at any time if necessary. Details such as start date, maturity date, amount, bank/broker (is you), account (loan) type, and interest rate may be entered. The account (loan) type may be any user defined type such as "L" for general loan, "CAR" for car loan etc.

A daily register may be printed by client and/or account (loan) type showing all transactions for that day.

Interest may be calculated daily, taking account of changes in the interest rate or changes in the balance. Accrued Interest may be posted and compounded against the balance on various cycles and usually monthly.

At end of month, a report may be run showing the interest details for the month by various grouping i.e. showing account number, loan type, date in, date out, days in, principal, interest rate and interest amount with a net total for each bank/broker.

A flexible reporting facility is available that enables the data to be analysed in various ways. A balancing control report can be run at any time and checks that the system is in balance. Normally it always balances. If the system gets out of balance for any reason, then this report is the early warning of the error. The same report can then be used to get the detail of each account so that the one in error can be identified.




Why is some of your terminology different?

The system is adaptable to various kinds of uses. The terminology may differ slightly. The term "bank" could be applied to any financial institution including yourself. The terms "broker" or "parish" or "agent" could mean "stockbroker", "interposed entity", "intermediary", or "middleman". The terms "client", "depositor" and "investor" all have a similar meaning i.e. the one who deposits the money in the register. A "client" can also be the party that takes out a loan. The term "investment" generally applies to money amounts (cash and cash derivitaves). It could apply to "securities" or "bonds" and does not apply to stocks and shares or commodities or property. The term securities generally applies to "bank bills" and "discounted securities".