Assanka has a great heritage working with financial services clients – we have developed software to manage the most complex of products, whether it be insurance, funds, or wealth management, we know our Sovereign Wealth Funds from our structured products, and can explain the principles of securitisation without going cross eyed.  Over the last two years we’ve been working closely with Isle of Man based IOMA Fund and Investment Management to develop a new system that offers a completely new approach for fund and wealth managers in small firms.

Any system has to have the features you need – it needs to correctly classify transactions, ensure funds are apportioned to the right portfolios in precise quantities and know how to choose and apply formulas for calculating rates of return, for example.  But we can’t be satisfied with a system that simply does all this stuff competently.  After all, someone – a lot of people, actually – are going to be using it to enter transactions and do a thousand other administrative operations every day.   No, we had to create something that was a joy to use.

Adnum is what we call the fruits of those efforts.   A web-based system designed from the ground up with our mantra of successful software design – faster, simpler, more accurate, more reliable.

You don’t have to wait while Adnum processes your thousand item reconcilliation.  It will just get on with it in the background and let you know when it’s ready.  More likely, it’s already ready, because Adnum knows when to reconcile, and keeps up automatically.  Meanwhile, you can get on with other things.

Staying alert to possible typos and mistakes is a tiring job for someone who deals in numbers all day long.  Now you have a friend who never gets tired.  Adnum knows the current price or value of every tradable asset, and while it will let you get on with your work undisturbed by constant ‘are you sure’ prompts, if you key something that doesn’t seem rational, Adnum will query it.

Navigating around Adnum is simple, logical and fast.  IOMAFIM’s Russell Collister uses it every day:

What can we do faster? Produce valuations, reconcile cash and securities, amend stock descriptions, correct errors. Just about everything is simpler, from accounting to contract note production, and yet Adnum gives us features we never had before, such as online client access, automatic stock recs, and auto balancing inputs.

Adnum is more reliable thanks to secure, highly redundant, data centre based hosting. We take care of hardware, software and data. All you need is reliable and fast access to the internet. Thanks to close integration with custodian banks, it’s also more accurate. IOMAFIM can produce fully reconciled daily valuations for online viewing in a tiny fraction of the time required with their previous system.

The ‘bridge’ between security statements from our custodian and Adnum makes the reconciliation process fast and accurate.

We’re almost ready to unveil screenshots and demos of Adnum, but for the moment we remain in a private beta phase.  To join in at a significant discount to our final pricing, get in touch today.