FMS IMPACT, Investment Management and Portfolio Accounting System, is specifically engineered for financial institutions. It is designed to assist the investment officer in increasing net interest revenue and minimizing investment risk. FMS Impact expands portfolio reporting and simplifies accounting operations. Some outstanding IMPACT features are:
- Designed exclusively for financial institutions
- Manages multiple investment portfolios
- Supplies a comprehensive array of reports
- Delivers reports on-screen
- Maintains extensive on-line financial history
- Automatically links to an on-line pricing service
FMS IMPACT Supports a Wide Range of Investment Types:
- US Government Bills, Bonds, and Notes
- US Government Agency Obligations
- Municipal Obligations
- Corporate Bonds, Notes, and Debentures
- Pass through Certificates
- Asset Backed Securities
- Collateralized Mortgage Obligations
- Commercial Paper
- Common Stock
- Preferred Stock
- Auction Rate Preferred Stock
- Mutual Funds
- Pooled Investment Funds
- Common Trust Funds
- Term Federal Funds
Easy to Use: FMS IMPACT incorporates simple operator-oriented data entry routines. A menu-driven approach makes it easy for the operator to select the desired function and navigate around the system. “On-line” help facilities with automatic user manual access make it easy to answer questions without leaving the workstation.
FMS Investment set up employs a logical input mask with helpful prompts and data validity checks. A copy feature allows you to duplicate set up information from an existing investment to a new one.
Simple posting screens allow the operator to fill-in the appropriate transaction information for purchase, sale, mature, call, payment, and adjustment entries. Complex GL entries are created from these posting activities that electronically interface to the General Ledger.
Reports: FMS IMPACT supplies a comprehensive array of management, analytic, and control reports “on-screen” or directed to the printer of your choice. Reports are organized in the following categories:
- Inventory
- Analysis
- Projections
- Control
- Transactions
- Proof
FMS IMPACT uses its extensive database for reports. Information on active, sold, matured, and called securities is available at any time. Structure reports using the descriptor file to organize the way investments are presented on reports. And FMS IMPACT is an ODBC compliant application so that generic report generators can access the data in FMS IMPACT’s files.
Compliance: FMS IMPACT manages multiple investment portfolios as required by FASB 115. Analyze your portfolio as a whole or look at it as three portfolios: Available for Sale , Hold to Maturity, or Trading. FMS IMPACT automatically links to Interactive Data Corporation’s DATAFEED on-line pricing service. Update portfolio valuations any time you wish to review your unrealized gain or loss position.
Amortize investment premiums or accrete investment discounts using any of the following popular methods:
- Straight Line
- Level yield
- Effective interest
- Accelerated
- Proportional
Posting: The person who makes the investment decisions is usually not the one who posts transactions to FMS IMPACT. Therefore, posting must be effortless and lead the operator through the input process. It also must be organized to use typical investment source documents like broker advices and custodian transmittal sheets. Transactions provided by FMS IMPACT include:
- Purchase
- Sale
- Maturity
- Call
- Payment (Income and Principle)
- Stock Dividend
- Adjust Cost
- Accrued Income, Amortization/Accretion
- Adjust Rate
- Reversal Entries