Prism Cybersoft Launches Cloud–based Personal Investment and Accounting Software

Prism Cybersoft, a software solutions provider to financial intermediaries announced the launch of Abacus, a cloud-based personal investment and accounting software for consumers to manage their investment portfolios. Available to individual investors at an annual subscription of INR 600, it is built on Microsoft’s Azure cloud platform and SQL 2014 server.

Jayesh Shah, CEO, Prism Cybersoft Pvt. Ltd. said, “Abacus allows investors to monitor their financial assets across various asset classes like equities, derivatives, mutual funds, and bank fixed deposits. It also generates various financial statements like balance sheet and profit and loss account.

Based on Microsoft Azure, consumers’ data is encrypted and stored in Microsoft’s data centres. Abacus also supports multiple entities i.e. consumers can create a single login ID and store portfolios for an unlimited number of entities under that. For a group of investors, this provides an overall view into how their investments are faring and data can be sliced and diced as the user wishes.

Transactions can be entered manually, via file upload or in certain cases, via direct integration with the stock broker’s back office, thereby making it easy to update records. It includes an integrated complete financial accounting module and data entry screens. Abacus offers report generation support via user-friendly tools and advanced logic with the capability to extract back-office data from the broker by directly “pulling” the trading position.