Shadow Financial Systems Announces Availability of Cash Management Functionality
-Adds Fully Integrated Cash Management Capabilities to Trade Processing and Brokerage Accounting System-
EDISON, N.J. (February 15, 2007) Shadow Financial Systems, developers of the ShadowSuite global trade processing, reconciliation, clearing and brokerage accounting system, today announced the availability of its cash management module. Available as a standalone module or fully integrated with the ShadowSuite enterprise system, it addresses the most pressing imperative of any organization: managing cash.
Don Marino, CEO of Shadow Financial Systems, shared, “Our cash management system has been designed for treasurers, by treasurers. Our clients have offered significant input into the design of this module and, therefore, its depth of functionality corresponds to what organizations really need to effectively manage their cash.”
With Shadow Financial’s ShadowSuite Cash Management module, enterprise-wide cash management can be viewed through one dashboard, showing all locations – by currency – of an entity’s cash balances. As with all ShadowSuite functions, visibility into this information is real-time to support timely decision-making. As such, overdrafts are avoidable, and there is more timely bulk investment of excess cash to generate profitability.
Marino added, “The advantages to Shadow Financial Systems’ approach are numerous. First, our cash management module can be tightly coupled with our other trade processing modules for each asset class, so companies don’t lose valuable time and productivity trying to integrate on their own. This is very important, because our module also integrates with our FED and SWIFT wire modules for the movement of cash.” He continued, “ShadowSuite Cash Management has drill-down capabilities, so users can quickly and easily access the details behind each balance on a summary. Because the data is readily available in the system, there’s real-time access, which means users don’t have to experience the annoyance of waiting for reports to come back from a vendor. Lastly, as with all of our solutions, there are configurable levels of security, to ensure that the right permissions are in place to prevent unauthorized access.”
ShadowSuite is a highly scalable on-premise installed or ASP provided software solution for post trade processing and brokerage accounting. Regardless of trading volume, ShadowSuite handles all combinations of currencies, financial instruments and transaction types, and is a real-time, fully integrated, exceptions based, multi-currency, global securities processing, clearing, reconciliation and brokerage accounting system. Unlike many other systems, ShadowSuite maintains every position in its originally traded currency in real-time.
ShadowSuite operates on the Windows platform, using Oracle relational database technologies. It utilizes a three-tier client/server architecture, which provides flexible and scalable infrastructure that can grow as a client’s business expands.
Trades can be entered from one easy-to-use screen with ShadowSuite’s intuitive Windows-based point and click user interface or through the extensive API provided to their clients. ShadowSuite tracks all purchases and sales, deliveries of securities and money through banks, reconciles positions with outside firms, and maintains an integrated general ledger and stock record.
About Shadow Financial Systems
Founded in 1997 by industry professionals, Shadow Financial’s technology provides comprehensive post trade processing and brokerage accounting functionality on a cost-effective, open architecture platform for trading organizations. The Company’s clients include Archipelago (now part of The New York Stock Exchange Group), National Financial Services LLC, a Fidelity Investments Company, Raymond James & Associates, InTrade Group, Maple Securities and numerous other brokerage firms. For more information, please visit www.shadowfinancial.com.