Back Office

A fully integrated, automated and seamless settlement administration system using one, single database

Using straight through processing, Figaro shares exactly the same information between the front office, middle office, back office and the web. Data integrity is beyond doubt and users can expect substantial improvements in productivity.

As Figaro holds all relevant CREST data, its automated stock and cash reconciliation processes optimise back office resources and operations. Once an order has been executed through the front office or the web, Figaro automatically processes the order, including all accounts postings and settlement.

Key Back Office features include:

• True STP – order entry to contract processing
• Comprehensive multi-currency accounting functionality
• Integrated STP settlement links
• The most functionally rich CREST interface in the market today
• All tax wrappers dealt with
• Advanced corporate actions and dividends
• Nominee processing
• Automated stock and cash reconciliation
• Fees billing Invoice System
• Full management information and exception reporting
• Full regulatory compliance
• Client records/comprehensive accounting system