Over the past weekend, Archway released several enhancements to the ATWeb platform. While our client base has received formal communication and training as needed, we feel it is our obligation to highlight a few enhancements to our regular readers, prospects and partners. A subset of the enhancements include the following:

User Security – Reports – Clients taking advantage of more advanced ATWeb User Security functionality will notice two enhancements to user permissions required for generating reports in ATWeb. 

Accounts Payable General Updates

> Payment Cycles Indicator
> Distributions to an Entity
> Accounts Payable Workflow

Accounting Period Income Allocation – Distributions – Accounting Period income allocation logic has been updated to more accurately reflect the impact of distributions on Entity ownership.  Distributions entered through the Accounts Payable Module will be factored into Entity ownership following a daily weighted average method, thus changing the allocation of income at the end of the period.  As equity changes throughout the accounting period, the ownership percentages used to calculate income allocation during the close process will also change.  Prior to this update, distributions had no impact on Entity ownership in relation to income allocation until the following accounting period.

Income Fee Calculation with Benchmarks – Users now have the ability to assign specific benchmarks to be used as a hurdle rate for Income Fee calculations.  In order to use this functionality, a Synthetic Benchmark must first be created in the Security Master. 

Asset-Based Fees Charged through Accounts Receivable – Clients using the Management Fee billing functionality through the Accounts Receivable Module will notice a significant enhancement to the Fee Tier configuration options.  

New Reports & Reporting Updates

> Open Tax Lots by Portfolio
> Open Tax Lots by Security
> Entity Ownership}
> Period Balance
> Change in Profit and Loss
> Consolidated Statement by Profile Class

Other Updates

Archway Development released seven (7) integration-related enhancements, including updates to current integrations and new integrations with the following data providers:

> Morgan Stanley (Prime Brokerage system)
> BNY Mellon (IAS system)
> Merrill Lynch (PBIG system)