Why advisors use TheBooks

We surveyed our customers to identify the reasons why firms use TheBooks as the core of their operating software environment.  Here are the most frequently mentioned reasons:

  • Reduced expenses as compared to out-sourced back office functions.
  • Dramatic reduction in time and effort required for reconciliation.
  • Consolidation of multiple systems and databases into a single, company-wide system with a unified database of trading and performance information.
  • Streamlined counter-party notification of trading activity.
  • Ability to expand the range of instruments traded without the need to wait for in-house system development.
  • Real-time position updates and valuation providing improved risk management.
  • Ability to make back-dated trade changes and journal entries.
  • Automatic daily NAV calculations with daily, monthly, and yearly returns.
  • The ability to obtain closing prices earlier for use in order generation.
  • The ability to provide any level of transparency required by the investor and to deliver the information in the format and via the method they require.
  • Real-time access to performance information via web-enabled cell phone.
  • Increase the number of accounts, clearing relationships, and execution relationships without any associated increase in manpower.
  • The ability to track positions and performance by system as well as net to the street without the need to double-post trading information.
  • Multi-user capabilities removed operational bottlenecks associated with previous system.
  • Ease of integration with existing order generation systems.
  • Built on Microsoft’s SQL Server™ database which provides a stable and reliable platform able to handle the largest advisors.
  • Ability to maintain all historic trading and performance information in a single repository with the ability to report on any date range.
  • Remove the risk, expense, and inflexibility associated with in-house developed and maintained systems.
  • Integrated risk platform includes the ability to evaluate the impact of position changes.
  • Electronic execution with seamless give-up reporting.
  • Advanced data management features including minute bar handling and derived data allows research never before possible.
  • Easily produce monthly performance summary mailer for marketing purposes.
  • A wide range of reports provide the ability to more effectively manage the fund.