Hexagon mPower is an end-to-end investment management product designed to double operational efficiency and provide high quality user experience.

Modular by Design

E2EE2E

Hexagon mPower Enterprise is an end to end investment management product, comprehensively covering front-to-back office requirements. Front office, Mid office, Back office activities are functionally segregated to obtain efficiencies and also to provide adequate checks and balances.

FoSFoS

Hexagon mPower Front Office supports decision making, trade origination and trade flow confirmation through a set of blotters. It also provides for personalization of these blotters. Pre-trade compliance is weaved throughout the trade flow at appropriate trade points. A scenario analyzer verifies the impact of trades on compliance and exposure. Portfolio metrics is a crucial part of the Product.

BoSBoS

Hexagon mPower Back Office receives trades from various origination points and houses them in a handover blotter. Based on deployment settings, accounting is accomplished automatically or upon user choice. The product performs any 'allowed' trade adjustments and also fulfills any period end audit observations. Valuations and income recognition are completely automated based on market practice, chosen policies and IFRS, regional variants of the same are fully supported. Apart from operational reports, statutory reporting for selected countries are pre-packaged. Post trade compliance is fully automated with the ability to inform appropriate responsibility points via alerts or email.

See how Hexagon mPower addresses a wide range of industry needs

Timely computation of hundreds of NAVs

Hexagon mPower Provides

Throughout the day NAV monitoring.

Benefit

Only incremental review effort.

Accurate NAVs

Hexagon mPower Provides

NAV computation via both the independent Asset / Liability & the Income / Expense methods, automatically checking if NAVs tally.

Benefit

Effort diverted to only the areas,which need intervention.

Reduce the time taken to verify reports

Hexagon mPower Provides

Reconciliation of values across related reports ensuring, automated tallying across reports & checks for unnatural spikes in values across time periods.

Benefit

Manual verification efforts eliminated.

Empower users to calendarize report requests, notifications & reminders

Hexagon mPower Provides

Users can set up schedules for delivery of reports, request notification of event completion, notification of impending events.

Benefit

Eliminates intermediation, improves planning.

Ability to quantify & assess vulnerability of the firm across all compliance criteria

Hexagon mPower Provides

Inbuilt compliance module supports all regulatory requirements. Covers both pre and post trade compliance comprehensively.
The solution helps to maintain compliance regulatory requirements with periodic changes in compliance criteria. Passive breaches alerts notify breaches detected due to external events (change in rating, market cap, equity cap and other events). Compliance dashboard dual view enabling drill down view by rules breached and trades breached.

Benefit

End of day breach reports provide enhanced controls for managing vulnerabilities.

Automatic Recalibration of base figures used in compliance monitoring per changes in components

Hexagon mPower Provides

Continuous monitoring of sensitive market & internal information including market price, interest rates, capital & borrowings of listed entities.

Benefit

Accurate compliance base, ensuring zero-latency in exposure monitoring.

Cash flow Projections & Balances Tracking

Hexagon mPower Provides

CMS functionality met with financial data, enabling all necessary GL entries to be passed down to back office. Track and manage build up of balances occurring at specific times and multiple times during the day. Cash flow projections to check investible funds for T+0 and T+n.

Benefit

Address risks and impacts of cash incoming and spending activities.

Simple mechanism to ensure all activities scheduled for a day are completed

Hexagon mPower Provides

All activities, which are date driven, are diarized, presented as to do lists to users. Eliminates unnecessary forms & allows task completion with minimal keystrokes.

Benefit

All downstream activities date tagged. Ensures prompt & timely task completion. Eliminates value dating & associated complications.

Master Data Management

Hexagon mPower Provides

The solution is designed in a flexible manner that it captures only the minimum information as required to complete current functionality even though a master requires so many other sets of information to complete. Data can be uploaded through an inbuilt integrated excel.

Benefit

Master data is easily managed through quick creation forms and uploads.

External Reporting Automated

Hexagon mPower Provides

System enhances STP by providing channels to take-in confirmed trade information from industry platforms (such as FTRAC, CBRICs etc.) and facilitating auto-match apart from stamping trades with data from the external sources.

Benefit

External data is seamlessly absorbed and processed.

Accounting

Hexagon mPower Provides

Integrated GL system supporting portfolio & fund accounting. Accounting rules are user definable and are externalized and decoupled from the database enabling better maintenance.
The GL also allows posting past and future dated transactions.

Benefit

Eliminates elongated acceptance, migration & parallel testing cycles.

Asset Class Coverage

Hexagon mPower Provides

Comprehensive coverage of asset classes spanning end-to-end lifecycle for – Equity, Fixed Income, GSECs, Corporate bonds, PTCs, F&O. All trade types including Arbitrage, Borrowings, Basket trades are covered.

Benefit

Complete coverage of all market transactions as well as best practice handling of accounting and position maintenance.

Business Coverage

Hexagon mPower Provides

Ability to manage mutual fund schemes as well as Mandates (Advisory or execution) sourced from any region. Provides full multi-currency support. Compliance extended to cover UCITS and other prevalent checks and balances.

Benefit

Ability to use the same product to manage multiple business lines.

IFRS Compliance

Hexagon mPower Provides

Provides the ability to maintain existing GAAP as well as IFRS driven GL records.

Benefit

Transition period support as well as smooth cutover to IFRS as and when needed.








Srinivasan Iyengar, Chief Operation Officer
Reliance Nippon Life Insurance

Reliance Nippon Life Insurance is proud to be the first Client of Hexagon mPower Investment Management System for Insurance. The product was chosen after detailed review of existing and other offerings in the market. The key reason for selecting Hexagon mPower were the integrated approach for front/mid/back office modules, exhaustive reports including all regulatory reports, parameterized setup, experienced team and scalability. The Hexagon mPower Investment Management System has provided us clear benefits in the following areas: Overall processing time reduced to 60%, Automated Information Exchange within the financial eco-systems, Ensuring Consistency – Self diagnostic check for abnormal variations, Zero latency in exposure / limit monitoring. The postproduction support is commendable & the continuous regulatory / business requirements are delivered well within time. Kudos to the Team Hexagon!

Srinivasan Iyengar, Chief Operation Officer
Reliance Nippon Life Insurance

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