The benefits of automating securities processing

Companies such as Davidsohn Global Technologies can help financial service industry firms streamline their back-office management through automating securities processing and other important functions that otherwise would require a high level of manual labor.

Securities settlement processing can be one of the most difficult challenges that a firm faces when trying to streamline their processes. Cashiers, treasurers and other back-office staff can get bogged down in the level of detail that goes into dealing with securities settlements. It can seem like an unending process, going from the compiling of full start of day availability of securities to developing end of day PM Reports and Journals.

One way to solve this problem is through automated securities processing. Many of the issues that have typically needed individual attention from back-office staff in the past can now be handled through sophisticated software programs. For example, Davidsohn Global Technologies has developed the powerful and innovative PowerCage Cashier Management System. It can handle many of the processes automatically that used to take multiple man hours to complete each day.

Combined with its industry-leading affirmation system, you can use PowerCage to streamline your entire back-office process. For almost 50 years, Davidsohn has been leading the way in developing innovative solutions for the financial services industry, from building the first computerized margining system in 1959 to working on software to meet the most recent cost basis reporting needs today. No matter what your financial services software need, Davidsohn can help.

Michael Dougherty is a financial writer who lives in Boston, MA. He has written for newspapers and magazines along with some of the leading online Web sites.