|By Business Wire||
|December 10, 2013 01:24 PM EST||
GGA Software Services, a leading provider of sophisticated custom software solutions, has developed an innovative financial solution for the enterprise finance group of one of its global pharmaceutical clients. The solution allows users to match SWIFT messages for transactions, holdings, and settlements with a higher level of automated Straight-Through Processing (STP). Richard Golob, President and Chief Executive Officer of GGA Software Services, said, “GGA professionals in our SharePoint Center of Excellence designed this solution to meet the special needs of the client’s treasury business for managing almost $10 billion in liquid assets and short-term investments.”
Golob explained, “Many back-office departments within large, public companies use message matching software. Such applications are usually out-of-the-box solutions from various vendors and often are not entirely compatible with each company’s unique business processes and matching rules.” According to Golob, “The BizTalk architecture of the GGA solution addresses that limitation by providing highly customizable orchestration of the client’s business processes and matching rules, along with BizTalk’s extensive connectivity, stability and scalability.” Golob noted, “GGA’s solution allows for a high level of matching rule customization without any code modification.” The GGA solution can be adapted to other organizations and provides a platform upon which finance teams can integrate their existing systems and smoothly replace or upgrade their legacy financial applications.
GGA’s client issues orders to banks and trading houses to buy and sell stock using SWIFT messages that needed to be processed in the client’s own internal workflow. The client employed GGA to create a BizTalk platform that integrated multiple client systems into a single, automated workflow. However, the client’s employees also needed to review the status and manually manage exceptions that occur during automated processing.
Working with the client team, experts at GGA’s SharePoint Center of Excellence performed a business analysis to define the necessary points of interaction with the automated workflows. GGA then designed and built a SharePoint interface that tightly integrated the automated and interactive processes into a single overall solution. The resulting solution combines the interactivity and collaboration capabilities of SharePoint with the robust automated processing available from BizTalk.
Golob noted, “GGA’s solution allows real-time processing since messages are matched as they are received from SWIFT, and this automated matching allows for higher levels of STP, which in turn enables higher trading volumes.” The client’s finance team has high visibility into the status of each message and any errors that require manual resolution and receives a full audit trail for every message. Users can define and modify matching rules and fields through configuration changes instead of code modifications.
GGA founded its SharePoint Center of Excellence to combine GGA’s intense focus on successful client outcomes and deep understanding of its clients’ business and scientific problems with a technical center dedicated to providing world-class SharePoint capabilities. GGA’s SharePoint Center of Excellence provides a full range of SharePoint services, including technical and service management consulting, systems architecture, deployment on premises or in the cloud, operational support, user training and help-desk support, solution business analysis, custom configuration and development, migration from other technologies to SharePoint and between SharePoint instances, and project management. Whether a client has recently decided to adopt SharePoint and is not sure how best to proceed or has years of experience with SharePoint and wants to optimize the quality and cost-effectiveness of an existing service, GGA’s SharePoint Center of Excellence can tailor a service to meet the client’s needs.
GGA recently announced that its SharePoint Center of Excellence has developed a cryptographically secure document repository that provides the ability to isolate and secure highly sensitive documents within the database. This allows the client to leverage the economical SharePoint platform without sacrificing the security of certain highly confidential material.
About GGA Software Services LLC
GGA Software Services LLC provides superior performance in meeting the complete range of software engineering, algorithm development, and knowledge management needs of the world's leading companies. GGA combines world-class informatics and support services with deep domain expertise in science and mathematics to create solutions that meet its clients' business, technical, and scientific challenges. GGA's collaborative approach consistently delivers world-class results, enhanced capabilities, and increased productivity to its clients. Global corporations rely on GGA to provide ongoing informatics services, including support, maintenance, and QA services, to enhance their internal resources. Since 1994, GGA has successfully served as an extended workbench for its clients, allowing them to both achieve their critical objectives and maximize their informatics budget. For more information, please visit our website at www.ggasoftware.com.