IPO Management Software for Banks
An IPO Management System that digitizes reconciliation of IPO response and allocations using SMART-IMPORT utility to collect data from T24, FMS response records, and allocation files.
Digitizing IPO Response and Allocation Reconciliation
The IPO Management System collects data using the SMART-IMPORT utility from different sources and data types including T24 transaction records, FMS response records, FMS allocation records, and other supportive data.
The system automatically tracks rejected papers and performs complete audit trail within a few clicks. IPO Operations Staff no longer need to manually compile data, manage multiple formatting templates, or manually reconcile IPO responses and allocations.
IPO Module
SMART-IMPORT utility collects data from T24 and FMS sources. 1-click Generate Responses, automatic rejection tracking, IMPORT-&-RECONCILE feature, complete audit trail, simulation mode.
Key Features
End-to-end automation of IPO subscription response and allocation reconciliation.
SMART-IMPORT Utility
Collect data from different sources: T24, FMS response and allocation files.
Data Transformation Templates
Create, manage and reuse data transformation templates with ease.
1-Click Generate Responses
Eliminate late sittings with the 1-click Generate Responses button.
Automatic Rejection Tracking
Automatically track and manage rejected IPO response records.
Import & Reconcile
IMPORT-&-RECONCILE feature eliminates manual checking entirely.
Simulation Mode
Prepare for an upcoming IPO launch by working in simulation mode.
Process Details
The two main process flows within the IPO Management System.
Submit & Response Process
- Prepare Template for data formatting requirements
- Import transaction files from T24 core banking system
- Generate FMS (Financial Market Supervisory) File
- Import FMS Responses back into the system
- Automatic tracking of rejected responses throughout
Reconciliation Process
- Import Accumulated File from FMS
- Import Allocation File for share distribution data
- Generate Allocation File for downstream processing
- Generate Reconciliation Reports — daily volume, accumulated volume, MIS
- Complete audit trail maintained automatically throughout
Architecture & Integration
- Input Files: T24 File, T24 Branch File, FMS File (T24 File 1 & 2)
- Processing layers: Transactions Direct Upload, Reconciliation Process, Screen Scrapping
- Output Files: Excel, PDF, XML formats
- Output Reports: Daily Volume Report, Accumulated Volume Report, MIS Report
- FMS Lead Manager Bank System integration for response file generation
Key Benefits vs Manual Process
- Eliminates painfully laborious data compilation activity
- No more managing multiple data formatting templates manually
- Eliminates increased risk of human error and negligence
- Provides a staging area to prepare for upcoming IPO — no more surprises
- Eliminates complex, tiresome manual reconciliation of IPO responses and allocations
Business Benefits
Full Automation
1-click response generation replaces hours of manual data compilation and formatting.
Accurate Reconciliation
IMPORT-&-RECONCILE eliminates manual checking errors in IPO response reconciliation.
Simulation Mode
Work in simulation mode before IPO launch — no more surprises on the day.
Complete Audit Trail
Complete audit trail of all IPO operations maintained automatically.
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Absolute Solutions — Enterprise IT Solutions Provider, Riyadh, Saudi Arabia