Sapient Global Markets has launched Close of Business Service (CoBS), a fully managed end-of-day reporting service for capital and commodity markets firms. The solution is designed to reduce end-of-day reporting costs while improving overall risk control and profit predictability.
CoBS is an automated, standardised reporting solution to manage all operational activities required for close-of-business reporting. It also provides clients with real-time dashboards that provide visibility into all aspect of the operations process. The solution is designed to ensure that all business transaction information – including profit and loss (P&L), position, mark-to-market, and cash flow data – from across every trading location has been correctly gathered and processed for end-of-day reports.
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