Customer Success Stories • Improve ROI • Improve funding and efficiency • Reduce regulatory capital • Improve customer service • Straight Through Processing (STP) Claim Manager An Investment bank achieved a 75% reduction in outstanding claims and a 50% improvement in operational efficiency when it implemented Meritsoft’s Claim Manager software. Indeed the financial and funding benefits delivered by Meritsoft’s Claim Manager far exceeded the bank’s immediate expectations. Longer-term the bank benefited from operational savings valued at $2.5m per annum. Transaction Tax Manager Data continuity and consistency across front office and tax operations drive a long-term Meritsoft banking customer to continue to use its STP software. Meritsoft’s Transaction Tax Manager assists the bank with forecasting the impact of tax on P&L (including WHT/SX1 processing) pre-trade, as well performing all necessary post-trade activities around tax processing. Interest Claim Manager An investment bank benefited from a reversal in fortune when it became the net receiver of interest of circa $20m per annum following its implementation of Meritsoft’s Interest Claim Manager. Prior to the implementation it was a net payer. Meritsoft’s Interest Claim Manager enabled the bank to identify and track potential interest claims (due or owed), standardise procedures across processing silo’s/operations teams, drive down processing costs and offshore elements of its process. Financial Transaction Tax (FTT) processing Fast and efficient implementation was critical to an investment bank that was on deadline to deliver its French and Italian declaration submissions. Meritsoft delivered on its promises and today the investment bank uses FTT Manager to handle its group global throughput. FTT Manager has automated the bank’s FTT lifecycle. The software also interfaces with multiple trading and static data systems. Elsewhere the investment bank values the fact that FTT Manager is future proofed so that it can handle further EU and other similar taxes. Brokerage Manager Substantial financial savings, reduced payment lifecycles and invaluable MI for counterparty analysis were rewarded to an investment bank when it implemented Meritsoft’s Brokerage Manager. The workflow software enabled the bank to centralise, offshore and standardise its derivatives monthly commission billing processes, as well as consolidate 4 separate region’s activities into one. Elsewhere resulting operational efficiencies led the bank to improve its customer service. Money Differences A global investment bank that uses Meritsoft’s Money Differences module to process and close 250,000 open items within a given period has welcomed resulting reduced operational overheads and funding costs. As well as calculating claims, Money Differences Manager caters for old and new coupon factor amounts. Elsewhere the STP software standardises claim output production and manages the bank’s whole open items/case management process. Of particular benefit to the bank has been the consistency and transparency of workflow that has enabled it to offshore its processing needs. Explore the detail behind our customer success stories Call us and speak to our capital markets payables and receivables processing experts Follow Meritsoft’s continued progress Join the list of capital markets experts who benefit from Meritsoft knowledge and advice as soon as it’s published Follow us on Linkedin Meritsoft Company Visit the Meritsoft Linkedin Company page to learn about forthcoming updates Learn how operations benefit from FINBOS The award winning platform from Meritsoft Contact Meritsoft or read our Case Studies More from Meritsoft Contact Meritsoft to find out about software solutions for MiFID II, 305c, FTT, 871m and more Terms & Conditions Privacy Notice Disclaimer Copyright Awards 2014 & 2015 Entrepreneur of the Year Products FINBOS Platform 871m Tax Manager MiFID II / Research Claim Manager 305c Tax Manager Financial Transaction Tax Manager Company About Case Studies Contact Address Dublin (Head Office) Eagle House, 16 Wentworth, Eblana Villas, Dublin, D02 HV08, Ireland Tel: +353 (1) 676 6311 Address London 4th Floor, Block A, 6/7 St Cross Street, London, EC1N 8UB, United Kingdom Tel: +44 (203) 865 4641 New York 55 Hudson Yards, 26th Floor, New York, NY 10001, United States Tel: +1 (914) 306 3572 © Copyright Meritsoft 2020, Terms & Conditions