For a Financial Asset Managing company based in Austria providing service in Austria, Germany etc. The client wanted an application to handle the various financial assets management of individuals and organization with automatic update of Market and Book values with Currency exchange rate and Stock servers, Asset reporting and financial account management. This application with various external server communications was aimed to be an efficient and complete solution for handling Financial Assets.
Zesty Beanz developed a customized OpenERP based application in order to meet all the client requirements. The application was mostly tested and used for a GTK client. The system handles regular entry the Financial Asset Statements as per the bank document, Transaction (Buy/Sell) in lots or as Single asset, Applying Exchange rates automatically with the Federal Bank (New York) server, Automatic update of the Market value of a particular asset and have its analysis against the book value and report on different factors. The customized financial management module handled the accounting related to a transaction, Profit Loss etc.