Insights

In this section we discuss recent industry news and initiatives and how they relate to our clients and services.

Product Control

Definition: Accurate accounting, risk monitoring and reporting of P&L and balance sheet for financial products across asset classes in the finance industry.

A question asked by many people outside the industry is why, in today's high-tech world, the middle office or product control function designed to control and monitor trading activities remains largely un-automated. In these cases there is no consistency from desk to desk and the process of controlling trading operations is treated as an art form.

We at ALaS believe that Product Control should be a science not an art.

When system-generated report values are manually punched into spreadsheets and adjustments can be easily deleted from access databases, managerial control simply does not exist.

Yet, there is a tremendous demand for it.

With increasing pressure to be Sarbanes-Oxley and Basel II-compliant, senior-level managers are in desperate need of more transparency and consistency in the control process. ALaS answered this call from some of our largest clients by building CaPRI, the single solution that enables managers to take control. For more information please click this link.
CaPRI