Launches cloud–based personal investment and accounting software
Prism Cybersoft, a provider of software solutions to financial intermediaries, has launched Abacus, a cloud-based personal investment and accounting software that allows consumers to manage their investment portfolios easily and efficiently, anywhere, anytime.
Available to individual investors at an annual subscription of INR 600 it is built on Microsoft’s Azure cloud platform and SQL 2014 server.
Speaking on the occasion, Jayesh Shah, CEO, Prism Cybersoft Pvt. Ltd., said, “Abacus is an investment portfolio accounting and monitoring system. It allows investors to monitor their financial assets across various asset classes like equities, derivatives, mutual funds, and bank fixed deposits. It also generates various financial statements like balance sheet and profit and loss account.
According to Meetul Patel, General Manager – SMSP, Microsoft India, “We work closely with our partners in India to understand their specific requirements and challenges and help them maximize the potential of the cloud. Abacus is yet another example of our commitment to help partners bring the value of cloud to their customers.”
Abacus offers consumers a number of benefits. As it harnesses the power of Microsoft Azure, an open, flexible, enterprise-grade cloud computing platform, consumers’ data is stored in encrypted form in Microsoft’s secure data centres. Abacus also supports multiple entities i.e. consumers can create a single login ID and store portfolios for an unlimited number of entities under that. For a group of investors, this provides an overall view into how their investments are faring and data can be sliced and diced as the user wishes.
Transactions can be entered manually, via file upload or in certain cases, via direct integration with the stock broker’s back office, thereby making it easy to update records.