Read more about the automated platform for procurement of third-party funds for attrax/Union IT Services
The tasks
- Minimise the risk of system failure: reduce the risk of system failures, as price losses due to failure are the responsibility of attrax
- Reduce throughput time for share certificate orders: reduce the throughput time for share certificate orders to a minimum
- Increase the time of open order windows: keep the order window open as long as possible before the cut-off
Cirquent's services
Communication with no media interruptions: The "Connectivity Hub" developed by Cirquent converts any source and target formats (SWIFT, XML, CSV, Excel, etc.) into an internal XML format – the technical requirement for communication with no media interruption.
Automation based on standards: With the use of the SWIFT standard, the processes of order verification, ordering, order confirmation and account reconciliation are automated – fully in line with the idea of Straight Through Processing.
Main benefits for the customer
Excellent customer service – "Electronified" and, thus, perfectly coordinated processes ensure excellent customer service:
- Simple control: All transaction statuses and payment flows can be controlled online.
- Immediate confirmation: Clients receive confirmation of their order within 1-2 minutes.
- Automatic procurement of foreign currency: When a foreign currency fund is ordered, the foreign currency procurement process is immediately triggered.
- Long opening times for order windows: Order windows are kept open for clients for up to 30 minutes before the "cut-off".
