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Microgen Accounting Hub - Accounting engine, warehouse and sub ledger

Analysis on Financial Data

Microgen accounting hub (MAH) is an accounting engine, warehouse and sub-ledger for performing analysis on financial and related data for the financial services industry.

MAH provides visible and auditable accounting logic across multiple source systems, outsourced service providers and general ledger vendors through the use of standard adaptors and includes:

  • Full drill down to underlying transaction data
  • Risk module to store credit and position risk for calculation of capital requirements
  • Limit, defaults and mitigants (collateral, credit derivatives, guarantees and provisions) stored for risk and reporting.

MAH offers value added accounting functionality including:

  • Manual Adjustments - allowing manual entries to be created subject to standardised controls, edits and validations, allowing for the updating of multiple targets with transactional integrity
  • Enhanced validation and suspense account processing, supporting source attribution translation and
  • Chart of Account validation, automatically generating next day suspense reversals as required
  • Enhanced balancing with ability to force balancing across rules at attribute level; i.e. by cost centre, by company or by date. Optional use of currency rounding accounts is also possible
  • Enhanced date handling through validation, against multiple calendars. Offers the ability to create reversing journals on appropriate dates; e.g. reversal of interest accruals on the next working day or the last day of the current month
  • Automated reversal and replay of erroneous data.

MAH Modules

MAH is a modular product that has been developed in partnership with our clients to form an integrated scalable solution to meet the needs of the most demanding finance managers. This approach enables our customers to choose which modules to implement, secure in the knowledge that they can add extra modules at a later date. All of these modules integrate seamlessly with each other to ensure that data and processes are only performed once.

The modules include:

  • Sub-ledger
  • Static Data module
  • Reporting
  • Funding
  • Independent Price Verification
  • Basle II storage and reporting
  • Securities (bonds and equities)
  • Loans and deposits
  • Insurance products

Benefits and features:
Configurable accounting rules with templates supporting multiple GAAP and IFRS reporting

  • Divisional sub-ledger for management and control by trading entity
  • Daily or intra-day balances and profit and loss
  • Risk reporting and data storage for capital adequacy and Basel II
  • Cash flow and accounting event data model
  • Integrated funding module for business management.