4sight releases new corporate action modules 14 June 2012London Reporter: Mark Dugdale
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4sight Financial Software has developed a new suite of corporate action processing modules for its 4sight Securities Finance and Collateral Management solution.
The new modules provide a greater level of automation and workflow processing, with the aim of reducing manual effort and lessening the risk of missed or late claims and processing, according to 4sight.
The modules offer a workflow-based dividend processor for equity cash dividends and fixed income coupon payments for stock loan, repo and collateral transactions.
The system also provides support for non-cash dividends through an array of configurable event types.
Martin Seagroatt, the head of marketing at 4sight, said: “The aim of these new modules is to reduce the number of manual steps and time spent processing events that would previously have led to missed or late claims and processing. The new level of automation and system based processing will provide our clients with greater workflow control, help them to exert less manual effort on corporate actions processing and reduce operational risk.”
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