Discover NAVInvest

Table of contents:
Introduction 3
Purpose of this document 3
Targeted market 3
System architecture and design 3
What is Microsoft Dynamics NAV 4
NAVInvest Introduction 4
NAVInvest System features 5
Investment ledger 5
Data entry 5
Exchange rate 6
Viewing information 7
Revaluations 7
Previews & Reports 8
Term deposits and loan 9
Fixed interest securities 9
Reporting 10
Liquidity management 10
Compliance and Workflow 11
Client Relationship Management 11
Security 11
Return on investment 11
Distribution 12
NAVInvest TM

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 Introduction
Elysys has for more than ten years served
its clients internationally as an implementer of
Business Applications with particular emphasis in
the Financial Management, Treasury Management
and Business Intelligence areas.
For the last four years Elysys has been de-
veloping and delivering its NAVInvest solution
which is targeted to vertical and horizontal busi-
ness application software users who handle trans-
actions in the investment management sector. The
software is an add-on to Microsoft Dynamics
NAV, fully integrated with all the relevant mod-
ules, in order to respond to the diverse require-
ments of the industry.
Purpose of this document
The purpose of this document is to give an
introduction to the software capabilities of NAVIn-
vest and to explain the main features of the prod-
uct.
System architecture and design
NAVInvest has been designed and devel-
oped as an add-on to Microsoft Dynamics NAV.
It is compatible with the latest version of
NAV available on the date of writing of this docu-
ment - version 2009 Service Pack 1. In addition,
the implementation has been built exclusively on
the SQL version of NAV and has been tested and
implemented on MS SQL Server 2005 and 2008.
Currently the only language version available is
English, but Elysys is willing to add on other lan-
guages, depending on user demand. Microsoft Dy-
namics NAV provides a fast and easy platform for
multi-language delivery.
The advantage of developing the solution as
an add-on to NAV is that the module is totally inte-
grated to the Finance CRM and other Module and
is built on proven technology using the Develop-
ment environment of this software.

Targeted markets
Elysys is targeting the NAVInvest solution
to two different markets:
1. Business entities who manage portfolios of in-
vestments in securities - shares, bonds, private
equities, etc. - as well as term deposits, loans -
intercompany or external - and who have an in-
terest in tracking movements of funds and follow-
ing up estimates of future cash positions. They can
in principle have any mainstream line of business
that uses Microsoft Dynamics NAV or use as a
minimum the Finance Module of the software for
their financial management and reporting. An ex-
ample of such a business entity is a Family Office
set up to look after the wealth of families.
2. Business entities who specialise in managing
investment portfolios for third parties and who re-
quire to track and monitor these, as well as their
NAVInvest TM

internal market positions and who are looking for a

total Financial/Investment management solution
such as Asset Management Companies.

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 What is Microsoft Dynamics NAV
Microsoft Dynamics NAV is a business man-
agement solution for small and mid-sized organiza-
tions that helps you simplify and streamline your
highly specialized business processes, rapidly
adapting to the unique way you do business. Mi-
crosoft Dynamics NAV provides you and your peo-
ple with industry specific functionality that’s rele-
vant to the local needs of your regions of opera-
tion, even for the most highly specialized indus-
tries and organizations. Through the rapid adapta-
bility, simplified customization, and ease of use
offered by Microsoft Dynamics NAV, you can easily
add functionality, custom applications, and online
business capabilities. Microsoft Dynamics NAV
enables your people to be effective and your
business to be competitive.
Microsoft Dynamics NAV provides account-
ing and finance solutions to help you track and
analyze your business information. With end-to-
end integration, you can efficiently manage your
general ledger, payables, receivables, inventory,
analytical accounting, fixed assets, and cash flow,
as well as perform bank reconciliations and collec-
tions. You can also manage your financial proc-
esses across multiple currencies, locations, or
companies. Comprehensive, up-to-date financial
information makes it easier to spot trends and gain
insight into your business activities, so you can
capitalize on your knowledge and identify new op-
portunities.
The integration of Microsoft Dynamics NAV
and NAVInvest to Microsoft Office enables users
with one click to export data to Word or Excel, for
further processing. In addition the ability through-
out the system to attach documents means that
the system can be used in a “paperless” environ-
ment where every item registered can have one or
more documents attached to it, making the audit
and regulatory compliance much easier.
NAVInvest TM
A detailed description of Microsoft Dynamics NAVTM is
outside the purpose of this document. For an in depth
introduction to Dynamics NAVTM please refer
http://www.microsoft.com/dynamics/nav/default.mspx
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NAVInvest Introduction
The philosophy of Microsoft Dynamics and
NAVInvest is to remain unrestricted of local con-
straints such as Taxation, specific Exchanges or
Markets. Through localized versions of the soft-
ware, Taxation and other regulatory requirements
are already taken care of by the core system. Be-
ing a totally open system, our strategy is to give
you the capability to interact with market data
sources to import transactions, product prices or
exchange rates in accordance with your specific
requirements.
Our development of NAVInvest as a module
within Microsoft Dynamics is aimed to provide an
Enterprise wide solution, including Investment
Management, management and client Reporting,
Intranet and Extranet solutions, Client Relationship
Management, Business Intelligence and Fund Man-
agement. Coupled to that there are more than
40,000 other add-ons available to Microsoft Dy-
namics NAV that allow you to add rich functionality
to your solution. On the other hand the philosophy
of Microsoft Dynamics is to be modular so you pick
and choose what modules you need and how/when
you want to scale upwards your environment to
meet future challenges.
The software is not intended to substitute
front end systems that link and interact to Markets
directly (executing real time transactions with mar-
kets) or products that perform Portfolio simula-
tions, analysis based on Portfolio Theory or other
similar activities carried out by Front Office staff.
Being a very open system however, NAVInvest has
the capability to integrate with Front End systems
and import traded transactions from external
sources into an enterprise environment which re-
quires to account, report and trace its investment
trading activities as well as to mark to market,
book revenue transactions etc. for either its share-
holders, family office, clients, third part investors,
etc.
to:
 NAVInvest System features
Investment Ledger
The core of the system is the Investment
Ledger designed exclusively for NAVInvest.
This includes a number of subsidiary ledger
tables to record Header, Line and Detail transac-
tions and is the central repository of all Investment
entries made in the module. The development is
based on the sound principles of NAV and includes
similar validation and control procedures, proven
by the fact that Microsoft Dynamics NAV has today
more than 1,000,000 users all over the world.
NAVInvest can handle the following types
of investments, in an unlimited number of portfo-
lios: Equities, Fixed Interest Securities, Hedge
Funds, Warrants, Options, Private Equity Funds,
Bonds, CFDs, Currency Forwards and Futures. The
transaction rules are defined on the basis of the
type of Investment and the underlying business
logic defined by the users.
NAVInvest TM
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Data Entry
We have created a flexible and easy proc-
ess to enter all investment transactions in the sys-
tem. Wherever appropriate, drop down menus
guide the user to selections which are filtered in
accordance with the criteria of the data, thus mak-
ing the system very user friendly.
Wherever necessary the data are picked up
from the Financial module. Calculations are exe-
cuted interactively and shown on the screen so
that the user gets a “feel” of the transactions that
he enters. The user has the capability at any point
in time to navigate from the Investment Ledger
transaction to the equivalent Finance Ledger entry
and vice versa.
Frequently your organization may need to
import traded transactions form external sources
or third party trading applications. As our platform
is capable of interaction via Web Service, XML, etc.
we can easily import these safely into our system,
including the ability to have an intermediate man-
ual validation and further processing step.
 .

Exchange Rates
Wherever necessary and applicable, the Fi-
nancial module exchange rates are used to
convert amounts in foreign currency to the
company’s base currency.

Based on the principles of NAV design, we

have therefore added further multi-currency
capability to handle cross rates, specified to
the detail of the portfolio. The user can
specify currency exchange rates of Invest-
ment versus Portfolio, always using the ex-
isting Currency definitions in the Financial
Management module.

The rates can be imported directly from

data provided by Fund Managers or other
source (e.g. Bloomberg) using the NAV data
port capabilities.
Our system can handle the automated cal-
culation of Portfolio rates versus Investment
rates, Bank rates and Company base rate.
Thus we can have a scenario where the cur-
rencies are all different.
Bank and General Ledger entries are gener-
ated automatically and posted without user
intervention. Rounding differences are also
posted automatically in accounts specified
by the user in the NAVInvest module. The
system will also calculate Forex and Market
entries automatically, in accordance with
GAAP.
NAVInvest TM

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 Viewing information
The software provides to NAV users all the
historical information in a very user friendly and
precise manner. Drilldown enables the viewing of
detailed investment transactions in the traditional
simple and efficient NAV fashion, without the need
to open a new screen. Through the navigation
tools that are used throughout NAV and NAVIn-
vest, the user can circulate throughout the sys-
tem and trace transactions and documents without
any effort.
To provide advanced user definable visuali-
sation (chart based or graphical) we have devel-
oped a standard MS SQL Analysis server cube
which can be easily manipulated using drag and
drop action for example, through the use of our
Targit® partner business intelligence front end or
any other compliant software. Targit® enables in
addition the user to carry out advanced what-if
analysis, thus having an instant snapshot of sce-
narios.

Revaluations
The system enables users to carry out peri-
odic revaluations. Market values supplied by Fund
Managers can be entered manually by the user or
imported from data provided by Fund Managers.
Revaluations can be executed as required, in ac-
cordance with user defined criteria. Selected Port-
folios, types of Investments, specific investments
or any mixture of these can be revaluated at any
point in time. The capability also exists to exclude
in the set-up screens specific portfolios or invest-
ments from being revaluated.
NAVInvest TM

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 Reports
Previews and reports are also provided to
assist the user to validate transactions prior to
posting. Detailed reports provide line by line de-
tails of the values of the calculations, in case the
user needs to verify any transactions.
The timing of transaction entry obviously
affects the calculations of the Realised Forex and
Market Gain/Loss. If for example we account for a
sale of a transaction and have recognised these
values, a subsequent entry of a purchase prior to
the sale would render the scenario incorrect. How-
ever, by simply executing a revaluation at any
time, the situation is corrected and adjusting en-
tries are created by the system to pass to the
Ledger.
NAVInvest TM
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Once the user has validated the “pre-flight”,
he can proceed to post the Unrealised Forex and
Market revaluations and both the Investment and
General Ledgers will be updated automatically. All
the information relating to the set up of the ac-
counts for Unrealised and Realised Gains and
Losses is specified in set up menus in the NAVIn-
vest module by the authorised user. The accounts
can be set up not only at the Investment Type
Level but also at the Portfolio level as well as at a
“Client” level in the event that the system is used
to account for third party clients. This capability
allows the unrestricted set-up of a Chart Account
that can satisfy any possible accounting or regula-
tory requirement.
 Term Deposits and Loans
The system provides the capability to manage
Term Deposits and Loans, with automated inter-
est calculations, etc. Deposits once created can
then be closed or renewed under new terms.
Bank charges can also be included. Once the data
is validated the relevant Bank and General Ledger
entries are generated.

Fixed Interest Securities

Concerning securities where a fixed coupon rate is
defined in the investment, the system has the ca-
pability to calculate accrued income, depending
on the dates of payment of the income.

The Financial module’s accrual journal is used to

post the accrued income to user defined accounts
in the Financial module. The users therefore save
time avoiding the repetitive manual tasks of ac-
counting for these items.
A History of all the transactions is available so
that the user can trace at any time the entries
generated in the system.
NAVInvest TM

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 Reporting
An integral part of any system is the ability
to extract information required for daily control or
for management purposes.
Microsoft Dynamics NAV uses SQL Server
Report Services functionality as a standard report-
ing tool. This is provided as standard in MS SQL
Server 2005 and higher versions and there is
therefore no need to purchase any other reporting
products.
The user can therefore plan his activities in advance and take the best
available opportunities in investing.
Liquidity Management
The main purpose of any financial manage-
ment system is to provide historical information
on the past transactions of a business entity.
We appreciate however that any serious investor
will wish to understand what his future cash posi-
tion will be, so that he can estimate:
a) when funds will be released and become avail-
able for investment;
b) when will a shortfall in liquidity arise and what
cover arrangements can be made.
Depending on the response to these ques-
tions (and other external factors of course) the in-
vestor will plan his future strategy and his ap-
NAVInvest TM
proach to the market, minimizing the possibility of
having idle cash.
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The extensive functionality of this product
enables the extraction of sophisticated reports
from other SQL compliant databases that the user
may have in place. It is thus possible to mix data
from NAV, NAVInvest and external sources to pro-
duce highly sophisticated reports. These can be
extracted in Excel at the click of a button, pub-
lished in PDF format, or made available on real
time basis through any portal such as Microsoft
Office SharePoint Service/SharePoint Server or
other web site.
Having this in mind we have developed in
NAV Financials and NAVInvest a solution that pro-
vides future estimates of the cash position across
the entire organization, which can include as many
separate business entities as required. As inter-
company loans are investment opportunities them-
selves, the investor will need to take a global view
of his organization. This cash position will take into
consideration any supplier invoices due for pay-
ment as well as any sales receivables that are col-
lectible within the defined timeframe, as well as
any budgeted cash transactions. In combination
with the Reporting system described above, the
users can generate customized reports of their fu-
ture forecasted positions.
Compliance and Workflow
NAVInvest includes an optional highly so-
phisticated Workflow and Compliance module that
enables the Administrator to custom-define enter-
prise wide compliance procedures, which can also
include external manual tasks.
Through a flexible workflow task definition
system, all tasks carried out in the organization
can be evaluated and assessed depending on de-
fined criteria, e.g. amount limits, time constraints,
activity requirements such as document attach-
ment, document review, etc. The module is avail-
able for use not simply from NAVInvest but also
from all other modules of MS Dynamics, thus al-
lowing an enterprise wide application of rules.
Triggered events can include exception re-
ports, graphical screen visualization, and auto-
mated e-mail notification, thus enabling Compli-
ance Officers to review all the operations required
and control the enterprise activities.
Security
Microsoft Business Solutions NAV uses a
very exhaustive and detailed system of defining
security and user rights. NAVInvest uses exactly
the same philosophy, thus ensuring the integrity of
the system and providing the ability to administra-
tors to define user authorities and permission at
every level of the system.
Windows Authentication means that users
need to log in only once on their system to be
granted access and administrators can ensure that
their access can be tracked throughout the organi-
zation. In addition, System administrators can
switch on a feature that enables the tracking of
every entry, addition or modification to any data,
timed as far down as the second at which this ac-
tivity has been registered, modified, etc.
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Client Relationship Management
Microsoft Dynamics NAV can give people in
your organisation access to accurate, up-to-date
information and the tools to efficiently manage
contacts, opportunities and campaigns while build-
ing client relationships that help drive sales and
encourage loyalty. Everyone in your organisation
can get the information they need to interact with
clients in a profitable way and make smart deci-
sions based on accurate information about every
contact. You can also automate marketing, and
customer-service tasks to make your work envi-
ronment simpler and more efficient. Combined
with the automated NAV (Net Asset Value) func-
tionality you can register the subscription and re-
demption of Funds managed by your organisation,
alongside the Client specific information, history,
etc.
Microsoft Dynamics NAV also helps you
manage a broad range of activities based on your
particular needs. Interactions with clients can be
formally registered (including the option to record
voice message) and controlled for compliance rea-
sons.
Return on investment
Microsoft Dynamics NAV and NAVInvest are
easily and quickly implemented and the migration
of data from external sources is possible. Bearing
in mind the automation added by the NAVInvest
module, the users can see an immediate improve-
ment in the speed of entering transactions, an im-
provement in the control of their daily activities,
the accuracy of their financial records and the con-
trol of their investment activities.
Distribution

ELYSYS is currently distributing this solution exclusively alongside its mainstream Microsoft Dynamics
NAV business as an authorised Partner of Microsoft for this product. Through the extensive Partnership
network of Microsoft, the product is available to partners as an add-on to Microsoft Dynamics NAV. For
more information please contact us or your nearest Microsoft Business Solutions Partner.

Elysys SARL
Le Patio Palace
41, avenue Hector Otto
MC 98000
MONACO

Tel: +377 97 97 71 55
Fax: +377 97 97 71 50
http://www.elysys.com

The information contained in this document is a description of the product at the time of publication. Enhancements and changes to
the product are a natural evolution as in all software systems and Elysys cannot guarantee the accuracy of any information pre-
sented after the date of publication.

This document is for informational purposes only. ELYSYS MAKES NO WARRANTIES, EXPRESS, IMPLIED, OR STATUTORY AS TO
THE INFORMATION IN THIS DOCUMENT.

Complying with all applicable copyright laws is the responsibility of the user. Without limiting the rights under copyright, no part of
this document may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means
(electronic, mechanical, photocopying, recording, or otherwise), or for any purpose, without the express written permission of
Elysys.

Copyright © 2008, 2009, 2010 Elysys SARL. All rights reserved.

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