Bastion

TOWER FUND SERVICES

About the project

Bastion

Bastion Solutions is building a comprehensive portfolio accounting platform for the financial services industry. It is a multi-currency back office solution that handles all investment types, including private equity deals. It offers features including portfolio accounting, partnership accounting, compliance, and automated reporting.

Challenge

Challenge

The main task was to create a modern and flexible platform to do financial accounting for investment funds. Given the variety of investment areas to account for, the Bastion system needed to take into account all the features of financial accounting for each area, while remaining flexible and user-friendly for the end user.

Solution

Solution

As a result of the analysis of the client’s needs, we created a modern financial accounting solution called Bastion. The Bastion platform allows collecting and analyzing a wide range of financial data such as

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  • Prices and trade operations with securities and stocks on stock exchanges Inves tor Subscriptions, Redemptions history
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  • Inves tor Subscriptions, Redemptions history
  • Mutual settlements with investors
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  • Calculation and accrual of operating expenses
  • Investor portfolios, classes and series, accounts
“They provided insight into the development phase and how they could improve on certain aspects of the database.”
IT Manager, Real Estate Company
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  • Operational and Administrative Fees
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  • Corporate actions
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  • Regular Balance sheets
Profit & Loss allocations

Profit and Loss allocations

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  • GL entries
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  • Fund setup
Profit & Loss allocations

All Financial data is collected via import using APIs and spreadsheets.

For convenient interactions with investors, we created a web-portal. This portal helps them obtain all important data about their investments and profits for reporting periods.

The preparation of financial data has several stages of validation, in order to ensure that the investor is informed as much as possible about their accuracy.

Technologies

  • Ruby on Rails

Team: 7 people

  • 1 PM
  • 1 QA
  • 1 DevOps
  • 2 Backend
  • 2 Frontend
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