Thus, as a Funds Processing Outsourcing client, you will receive World Class Service and a highly cost-effective solution. The Funds Processing Outsourcing service performs all trade processing activities. Income, interest accruals, fees, and expenses are all calculated on a daily basis. The NAV is then also generated and reported on a daily basis. These calculations are automatically performed overnight during system batch processing, and are available first thing in the morning for both OMR and client review.
Clients can also receive daily and monthly reports via Internet or by file transmission.
OMR's general practice is to perform a monthly close of the books. Once the NAV is reviewed by the client, OMR will produce financial statements. The duration of this process depends largely on the requirements of the client. OMR works with each client in determining a schedule for review and delivery of financial statements. Reports OMR's reporting capabilities are extremely flexible due to the tools that are employed.