Profile Software presents its latest version of Axia with enhanced Wealth Management and Family Office functionality

Profile Software, an international financial solutions provider, today announced the latest upgrade in Axia, the web-based wealth management and family office platform. Its functional coverage has been enriched with a number of new attributes such as instrument types, transaction types, analytics, interfaces and features to further boost the operational capability and efficiency of the organisation.

On top of the existing advanced CRM, Portfolio Management tools, that support standard investments like bonds, stocks, deposits, etc., Axia incorporates advanced functionality for alternative investments like private equity funds and real estate properties instruments especially addressing the needs of Family Office operations. In particular, private equity funds incorporate special static data, commitments management and execution of special transactions, such as capital calls and distributions. Axia also supports the appropriate evaluation treatment and a number of specialised ratios like TVPI, DVPI, RVPI and PIC while enabling performance measurement using IRR. Real estate properties also take provision for special static data and transaction types to manage the relevant investments.

It is worth mentioning that a new advanced module has been incorporated in this version for advanced risk analytics. This refers to the “Risk Metrics” module that allows for a comprehensive view and analysis of several absolute risk, relative risk, downside risk, and risk-adjusted return metrics.

In addition, Axia’s sophisticated payments transaction types support Family Offices’ and Wealth Management firms’ operations for outgoing funds transfers, with workflows setup for internal approvals and automatic generation of relevant bank instructions forms. Incoming funds transfer transactions are also supported.

Last but not least, in the new release, additional Custodian Bank’s interfaces have been added that allow for transactions’ and outstanding positions’ reconciliation with international banks, thus saving substantial time and resources while streamlining the firms’ operations. The interfaces are implemented either through Bank-proprietary file formats, or through SWIFT-based message files, using Axia’s easily adaptable and robust integration layer.

Axia’s out-of-the-box, pre-configured solutions for Wealth Management firms and Family Offices include ready-to-use in-built reports, an easy to use “getting started” tutorial, as well as setup wizards and an online context-sensitive help that provide for an easy and quick setup including initial data uploading.

The enhanced and new Axia end-to-end functionalities enable users to support specialised and advanced operations with agility, provide more connectivity and cooperation facilities with Banks, while they offer an improved and optimised setup process.