Legerity Provides A Step-Change For Finance
Legerity’s 3rd generation accounting rules platform enables Finance & Risk functions to address the regulatory and business challenges resulting from historic under-investment in Back Office Finance & Risk systems. It enables users to deliver the best possible service to customers and the business: as more products are ‘bundled’; markets continue to evolve; regulations increase in pace and complexity; and volumes grow while margins are compressed
Legerity FastPost delivers sophisticated accounting and P&L, while integrating with heritage technology. It provides a single, consistent and accurate ‘golden source’ – enabling the Back Office to support the complexity of the Front Office, with granular and true visibility into business performance. Delivering the detail and colour required to make better and more informed decisions
Legerity FastPost is based on a cutting-edge technical design. It leverages the use of powerful, in-memory data grid processing plus the latest advancements in data storage technology to allow the real-time processing and reporting of complex, high volume accounting transactions.
Legerity FastPost’s accounting rules engine enables users to adapt to new accounting standards and regulation quickly. FastPost will increase control, improve efficiency, reduce cost, maximise consistency and minimise the risk of human error. With an intuitive spreadsheet-based GUI, rules are fast to define, test and approve. Full end-to-end data lineage and audit trail help ensure data quality across the accounting process.
The FastPost Ledger delivers granular, transaction-based accounting on a daily, intra-day and real-time basis. A key component of a modern financial systems architecture, the FastPost Ledger provides best-in-class sub-ledger and accounting hub design for multi-GAAP, multi-entity, multi-currency and multi-time zone processing. With a highly-flexible segment definition and summary and detailed balances, users can now unlock important business value with fast, on-demand reporting.
Legerity’s comprehensive library of models and taxonomies streamline the integration of data from disparate existing systems into a single, true data-set – standardised for consistent reporting. The data model handles all type of Business, Finance and Risk Events. Out-of-the-box capabilities include support for the most complex Trades, Contracts, Products, Tariffs, Parties, Customers and Organisation structures with supporting metadata and hierarchies – all extensible and with retention and archiving fully built in.