About Acumen

Acumen is an integrated Trust and Company Administration and Account Management package, it was designed with the main emphasis on ‘Ease of Use’ with the system handling the creation of system accounts automatically.

Acumen is the latest in Trust and Company Administration packages, written specifically for the distinct needs of Trust and Company Administrators.

Acumen offers flexibility and performance whilst being both secure and easy to use. The system provides vast functionality whilst keeping a standard user-friendly interface throughout the application.

Work in Progress

• User defined activity codes, which drives efficiency reports between chargeable and non-chargeable codes and tracks holiday and sick time.
• WIP reports for all entities aged by week for up to 13 weeks to give greater control over WIP.

Sales Ledger

• Each entity can have a global billing profile, which is completely user defined.
• Global Invoices can be raised on formation of an entity with the fees being pro rated to the end of the year.
• Entities can be charged for each general ledger transaction between a period and the time charges automatically included.
• Aged analysis reports by week or month.

Securities

• System will automatically calculate any profit and loss on a disposal and will also calculate the FX profit and loss.
• Ability to record purchases, sales, dividends, bonus and script issues.
• Records amount of tax withheld on dividends.
• Valuations and Investment Schedules can be produced at any date.
• Back value deals with automatic calculation of profit and loss on subsequent deals.

General Ledger

• Any number of debits and credit in a batch.
• Ability to set-up standard batches for repetitive transactions like bank interest receivable etc.
• Ability to change a narrative or suppress a complete batch in the event of incorrect postings. Suppressed transactions are deleted and stored in a separate table for audit purposes.
• All screens have the ability to drill down:
  • balances drill down to
  • transactions drill down to
  • actual batch entries posted
• Ability to flag accounts to enquiry/report globally across all entities to give balance at Lloyds bank etc. Also useful for Assets under management etc
• Ability to enter accruals with the batch being automatically reversed the next working day.

Contact Management

• Record names, address, telephone numbers and other information relevant to this contact such as other members of their family or organization.

Database Management

• Comprehensive database records directors, shareholders etc. with up to 8 users defined tables and codes.
• Record where clients files are archived - even if they are off site with a brief description of the contents of each box.