Client workflows automate daily interactions among all stakeholders.
For example, a pre-defined workflow coordinates the communication of a private bank's advisory desk with geographically dispersed relationship managers:- The workflow covers the transmission of product proposals, requests for quotes, indicative and final quotes, and orders.
- The advisory desk is alerted as soon as collected orders exceed a pre-defined dealing threshold and has the opportunity to issue a last call to all interested parties before entering into the transaction. Orders are then grouped automatically, with manual control, in order to create a trade.
- A specific workflow applies at each stage of the transaction (indicative, primary, gray, secondary).
- A built-in messaging system informs users of all events that require action.
- Users create term sheets in a variety of formats, including PDF and HTML, for easy publication on the Web.
- The application stores internal and external documents and manages their state.
- Interactive reports enable the monitoring of transactions (requests for quotes, quotes, orders, trades).
- The private bank's middle office controls and validates products, trades, and related documents; and sends settlement instructions to the investment bank.
- The workflow system's Web interface enables instant deployment across sites.
