No Compromises on Back Office
ORE offers robust financial entity hierarchies, end-to-end accounting integration with a built-in GL, powerful asset management, including layering and elegant fund administration. The asset side includes the ability to capture projections and transactions. Clean and powerful capital reconciliation for legal entities is simplified with functionality that includes multiple closings, waterfall rules engine, vehicles, and static or dynamic sharing percentage ratios.
Loan Servicing
ORE elegantly captures amortization for any tangible asset. Single or multiple security amortization behaviors can be assigned and applied at the tranche level. Implicit in the powerful loan servicing is the ability to handle coupon, step-ups, zero coupon, balloons, and floaters with floors and ceilings. Notable features also include the ability to change amortization behavior during the course of an amortization, full OID schedules, and calculation of prepayment penalties and late fees.
Multi-Currency, Geography Independent Platform
ORE was created by software developers in Europe and the US; this diversity manifests itself in the software. Investments in alternative currencies can be denominated in specific home currencies. Moreover, transactions at either the asset or fund levels can be displayed in any currency on demand. Other multi-geographic abilities include flexible security rights, restrictions, and features that can accommodate local jurisdictions where a security originates. Capital reconciliation schedules can also be tailored for specific tax books for any country. Finally, spectacular performance IRRs can analyze multi-currency exposure, in both graphical and tabular fashion.
