Income scheduling
TIARA stores distribution details against the assets in a diary, this creates all income periods for the past and future history of the asset so we can identify what is still outstanding for the reporting periods. The system identifies relevant investor holdings throughout the period, providing layers of data to provide automatic control over the income distribution processes, enhancing the wider custody ops and reconciliation process. 

With regulatory scrutiny across operations and reconciliations becoming increasingly onerous, TIARA can help streamline data checks and processes proactively.

• Group 1 and group 2 units identified across all three calculation methods for the lifetime of all holdings. 
• Entitlements predicted, with CTV labels applied enabling automated reconciliation with multi-source interfaces. 
• Client level flags to identify how many entitlements are still outstanding for the period; drill to holding level detail. utilised in batch reporting. 

Batch reporting
Our batch reporting features are the culmination of all the design principles and the data management elements built up within the core of our solution. These elements enable full automation of the creation of client reports, which cannot be replicated by any competitors. The data tracking and flags enable users to identify complete reports and release batches as early as 6th April each tax year. Once published, if any data is updated, removed or inserted, TIARA automates the reprint requirement. 

Data validation
By understanding data requirements, and core system gaps for tax processing, TIARA is designed to smooth data as part of the integration, reusing existing interfaces in most cases. Data processed is stored for use in the UI, reporting and API. 

Workflow automation
Our income scheduling enables targeted resource to identify and retrieve rates and provide reconciliation and oversight of Group 1 and Group 2 positions. Data mapping via integration ensures transactional data is corrected automatically. 

Scheduled reporting
The static data drives batch creation on key dates throughout the year, catering for any reporting year end date. Additionally, once reports are published the system tracks any relevant data updates, inserts or removals enabling TIARA to identify any reprints systematically in real-time. 

Customisation
Much of TIARA can be customised to specific needs, and often it isn't limited to all the organisation or none; this is done as standard as part of our integration. Our data migration experts will review the data and provide recommendations - you can choose to implement these or take a risk-based approach. We can provide extensive customisation of the published reports based on your internal design brief. If you have additional customisation needs for reporting, this may increase onboarding times.