 SolveXia’s web-based process automation software is suited to large corporations, particularly banks, insurance companies, asset managers and custodians. The software can be used for a wide variety of tasks ranging from the automation of repetitive tasks to the preparation of regulatory reports, running third party systems and sending timely text messages or e-mail. SolveXia’s platform provides the opportunity to benefit from the use of scalable cloud computing resources. Current processes can be replaced individually, thus obviating the need for a “big bang” approach and allowing the integration of business logic into the tools that you use and like to use.
multiple advantages of SolveXia's Process Automator
- Simplify and codify manual, multi-step, repetitive tasks
- Retain use of legacy systems
- Eliminate key person dependence
- Significantly reduce error risk
- Easily repeat the process with as many variables as desired
- Start, stop and vary the process at will with alternative parameters
- Save time by reducing laborious, inflexible, data entry work
- Steer skilled staff away from low value mechanical processing
- Adapt and extend existing processes and create new ones
- Browser-based solution that looks and feels like a desktop application
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- Integrate information from different systems
- Incremental replacement of individual processes
- Receive automatic documentation of the process
- Receive an automatically generated audit trail of all activity
- Access from anywhere
- High level security environment
- No upfront license fees
- Pay-as-you-go, monthly license and usage fees
- Access to almost unlimited cloud computing resources
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Who benefitS from Solvexia's Process Automator?
- Senior Management
- Risk Officers
- Auditors and Accountants
- Regulators and Ratings Agencies
- Shareholders
- Actuaries
The SolveXia Solution
SolveXia offers a web-based portal through which companies can automate their existing financial processes, including those using Microsoft Excel spreadsheets. Users can create projects comprising simple and complex processes which, in turn, may consist of up to hundreds of steps. Using the SolveXia platform, companies can set up projects that include data, processes and steps that match their manual processes. These can be run on a regular basis, either on demand or automatically as scheduled, and with or without human intervention.
The steps in a process can be any of a wide variety of types. Examples of these include:
- Excel steps
- Data manipulation and conversion
- Decision steps
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- E-mail or SMS distribution
- Database queries
- Run parameters
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EXAMPLES OF PROCESSES THAT BENEFIT FROM SolveXia’S PROCESS AUTOMATOR
- Regular valuations performed by actuarial teams
- Reconciliation of balances from different operating systems, including the General Ledger
- Expense and commission allocations performed by finance teams
- Compilation of financial results performed by finance teams
- Production of regulatory and compliance reports by specialist and auditing teams
- Unit pricing and asset portfolio summations performed by asset managers
- Compilation of risk metrics across multiple business units by market risk analysts
- Aggregation of data from multiple, diverse sources
WITH SOLVEXIA’S PROCESS AUTOMATOR YOU CAN…
- Consolidate, aggregate and combine your data
- Validate, convert and transform your data
- Distribute, publish and communicate your data
KEY FEATURES OF SOLVEXIA’S PROCESS AUTOMATOR
Data Management
- Manipulate and convert Excel Data
- Manipulate and convert Text Data
- Create PDF documents
- Create Microsoft Word documents
- Manipulate and convert FoxPro Data
- Perform data validations and checks
- Compare multiple sources
Risk Management
- Reduce key person dependency risk
- Reduce human error risk
Deployment
- Access to processing power “on demand”
- Secure storage and back-up of data
- No-touch client installation
- Automatic updates and upgrades
- No up-front capital costs
- Online help and problem support
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Process Management
- Copy and customise processes quickly
- Produce process documentation
Auditing
- Capture auditing events
- Produce audit documentation
Communications
- Send automated e-mail
- Send automated SMS messages
Third Party Integration
- Actuarial projection systems
Accessibility
- Access through browser
- Secure sharing of data
- Access from workplace and home
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