The strength of Composer as a functional, configurable and proven back office administration system is the key to its success with Wrap and Master Trust providers. Some of the key features for these providers include:

• The ability to easily configure complex product and fee structures
• Flexible commission and rebate structures with full calculation and payment options 
• Multiple pricing options including forward pricing
• Aggregated order processing for externally managed funds and equities
• Confirmation and pricing of external trades
• Banking functionality - receipting, reconciliations, payments (electronic and cheques)
• Cash Hub capability with daily accruals of income with periodic capitalisation.
• Compliance and Quality Control
• Distributions processing with comprehensive reporting and re-run facilities
• Regular Savings Plans and regular Drawdowns

Underpinning specific functionality such as that outlined above is a range of system wide facilities such as integrated workflow and correspondence processing, a general ledger, banking system interfaces, security and compliance reporting.

The Integration of the Front and Back Office is also an important consideration for any Wrap Platform. Composer supports a number of approaches here.

• APIs are available that enable information to be delivered through real time and batch interfaces.  These are an ideal choice for those that want to interface to an existing front office system.
• A generic web interface is available that provides functionality to support Adviser, investor and fund manager enquiries and reports. This can be easily extended to satisfy specific client requirements and is a powerful facility for those clients wishing to implement a front office that is tightly coupled to the Composer platform.
• Using Conductor for Straight Through Processing or as a transacting API