Fund Orders

Manually inputting mutual fund orders can be a laborious and time-consuming exercise prone to error, especially in an environment such as mutual fund processing where fund cut-off times exist. Introducing SCANit to a process where those receiving the orders are typically keying data into internal systems well beyond fund cut-off time, not only ensures efficiency gains with 99%+ of all trades being updated prior to cut-off, but also reduces the associated risk of manual entry when time constraints exist.

Each order, once captured, will pass through the 'core' generic process of translation and interpretation before producing individual export messages in the required format, e.g. SWIFT MT502, or alerting the user to the incompleteness of a record, which can be completed (and verified) using the SCANit user interface, before being release to export.

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