Business Services
Reliability and continuity
Sofia's product experts and process analysts are ready to help you get the most out of your installation.
The business services offering is comprehensive and modular, supporting all administrative processes carried out using Sofia.
The range of services includes core activities such as updating of securities and holdings environments, calculating unit-linked and pension funds NAV and producing analyses’ reports for key stakeholders.
The services are delivered on the customer's Sofia installation and can be flexibly tailored to process specificities.
REPORTING AND COMMUNICATION
Reliable data at your fingertips.
Analyses, simulations and forecasts for all stakeholders via a multi-platform business intelligence service with interactive reporting and dashboards.
PORTFOLIO UPDATE
Always up-to-date securities portfolio situations.
Portfolios and holdings updates and reconciliations of current accounts and securities deposits based on information flows received from asset managers or custodians.
NAV CALCULATION
Correct and effective asset management.
Administration activities of pension funds and unit-linked portfolios, for NAV calculation and reporting.
DATA REFERENCE AND MARKET DATA
A correct and up-to-date information set.
Maintenance and updating of the market data and the securities of financial instruments in all portfolios, management of Sofia tables and monitoring of the integrity and adequacy of imported data.
DATA QUALITY
Secure and reliable databases
Definition, management and monitoring of checks on the completeness and consistency of data recorded in Sofia as required by Solvency II and EIOPA regulations.
INVESTMENT ACCOUNTING
Valuable support for accounting closing activities.
Creation and maintenance of charts of accounts and management of preliminary checks to the extraction of journal entries to be input into the Company's accounting system according to the activities to produce General Ledger.
USER ADMINISTRATION
Access to data customised in accordance with your profile.
Configuration and management of Sofia's user profiles and periodic check of authorisations and rights to access and modify data, in accordance with the Customer's company policies and guidelines.
TECHNICAL RESERVES
Selection of assets for coverage.
Carrying out administrative activities related to the coverage of technical reserves, the production of the register and quarterly forms required by IVASS.
QRT
Production of Quantitative Reporting Templates.
Carrying out all administrative activities for the extraction and confirmation of reports required by Pillar III of Solvency II, EIOPA.
SEGREGATED FUNDS
Support for the calculation of returns of segregated funds.
Calculation of the yield of the segregated funds and production of reports to support the validation of the result obtained.