ObjectWay ANT manages the entire process of distribution and remuneration (client, advisor, management team, products, mandates, profiles) and financial institutions’ relationships with customers. There is also a full and flexible database of products for the processing of any product and service offered by the market in addition to advanced and intuitive data entry for all distribution network entities and, finally, a powerful import-export function for the exchange of data with third party systems across a standard interface.

ObjectWay ANT's functions comprise:

• Master data of counterparties: clients, sales unites, suppliers and agencies as well as information on money-laundering and MiFID.
• Contracts such as orders for financial instruments, insurance and bank contracts with immediate display of related revenues and costs of each individual transaction.
• Product database containing information on services products and instruments sold: Funds, SICAV, portfolio management; long-term loans, leases, advances, new orders, current accounts, banking services; life and non-life insurance; unit linked and index linked insurance policies, pension funds.
• Fees and commissions can be independently calculated and managed: pay-in, pay-out, management fees, reversals and/or credits, bonuses and additional fees, advance payment of fees with recovery schedule, fees with respect to payment in kind, other amounts to be added or deducted to the net payment thus permitting an accurate reconciliation of company income and expenses to client accounting system. Routines are automated and generate fee statements, invoices, copies and receipts in addition to manual input of invoices relating to non-fee movements.
• Network management to create and configure a complex and varied distribution network that can include different occupational categories structured in accordance with any hierarchy required by commercial management. It also allows for the input of data characteristic of agency agreements (remuneration, hierarchical level, organisational level, taxation, etc.); specifics of each occupational category.
• Sales contains information required by the network back-office to process client transactions and individual underlying transactions: initial payments and calls, repayments, switches, foreign exchange lines, capital transfers between different product companies, coupons/dividends, changes in name/counterparty and portfolio acquisitions.
• Taxation (withholdings, ENSARCO, FIRR) and regulatory (Anti-Money Laundering Financial Intelligence Unit, payments to the Collector of Taxes, supervisory statistics required by the Bank of Italy, ASSORETI).

The solution provides numerous benefits:

• a single, centralized system for complete network management
• high level of parametrization
• user profiles
• centralized and consistent database
• security of data and information
• history files
• ongoing regulatory updates
• simplification of business processes

ObjectWay ANT-Distribution Networks is an integral module of the ObjectWay Financial Suite

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MBO and Incentives uses an innovative framework of criteria and a Business Intelligence platform that enables network management to set bonus contracts and objectives for individual agents and to flexibly calculate awards without the involvement of the IT department

Data retrieved from corporate applications (ObjectWay Financial Software or legacy solutions, ERP, CRM, etc.) are stored in a separate archive for the setting, control and payment of bonuses.

Functions consist of:

• Objective and bonus setting: bonuses are linked to one or more objectives. Base criteria for bonus payments can be actual calculation algorithms based on multiple, interdependent analytical models. Interactive pivot tables that can very rapidly combine and compare different data are sued for the construction of analytical models
• Mass replication: it is possible to apply objectives to homogeneous groups of occupational categories
• Simulation: prior to application to one or more occupational groups, a bonus must be verified by running a “what if” analysis. This method is very useful since such simulations provide advance knowledge of the cost of the bonus being proposed to the network
• Processing and payment of bonuses: for the processing of objectives, bonuses to be paid are made available to the salary payment system – ObjectWay ANT
• Cost control: payments made for the achievement of individual objectives are archived and made available to users for cost analyses.

ObjectWay MBO and Incentives is an integral component of the ObjectWay Financial Suite.

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The solution integrates in a unique data store information originating from business applications (either ObjectWay products or other management information systems or CRM) and builds dashboards summarising performance and productivity of various business areas, supporting corrective action when targets are not being reached.

Dashboards show in real time information centered on business analysis and statistics reports, becoming a useful tool in support of management functions.

Information can be aggregated according to business dimensions and facts– such as time, product lines, net incoming flows and portfolio value – flexibly adapting to the company’s operating model.

Users receive a set of customisable reports that summarise the most important information regarding their own role in the company; they may also aggregate in a simple and intuitive manner elementary data according to their own needs. Generated reports can be exported in Excel format and saved on their own personal computer for later use.

Objectway Management Control is an integral component of the ObjectWay Financial Suite.

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