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Quick Overview of Finmars

What is Finmars

  • Wealth Aggregation Platform: aggregate financial information from different sources (incl. manual input).
  • Report Engine: online reports, performance, dashboards, PDF reports etc.
  • Extensible Multipurpose Accounting Tool: different modules and packages are distributed through its own marketplace.

What is in Finmars Environment

Environment/Contour

  • Characterized by URL address: https://stage.finmars.com/realm03va3/space0cjnu
  • As in its name - it's execution environment for different instances of Finmars
  • It has common Authorization Service

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  • It has common Profile page per user - a place to manage Realms & Workspaces

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  • It can be interpret as a container for Realms

Realm

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  • Characterized by Realm Code: https://stage.finmars.com/realm03va3/space0cjnu
  • There may be more than one Realm inside the environment/contour
  • User must have an access to the Realm to see it in the Profile page
  • One Realm has shared execution resources across Finmars instances inside of it:
    • backend workers to do import and build reports
    • workflow workers to execute modules' scripts
  • One Realm always has one version of Finmars instances across all Workspaces
  • Realm is another abstraction container for Workspaces - Finmars instances

Workspace

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  • Characterized by Space Code: https://stage.finmars.com/realm03va3/space0cjnu
  • There may be more than one Workspace inside the Realm
  • User must have an access to the Workspace to see it in the Profile page inside the Realm
  • Workspace is the Main working unit for users which consists of:
    • Dashboards: custom layouts with different components based on the aggregated financial information
    • Reports: Balance, P&L (Profit and Losses), Transaction, Performance - standard reports available in the platform which are built with the aggregated financial information
    • Data: Instruments, Registers, Portfolios, Accounts, Strategies, Responsibles, Currencies, (Events, Stats and Calendar are deprecated), - relation entities which are connected together in Transactions
    • Transactions: Transactions (Complex Transactions), Base Transactions, Register Records, - let's give a little more description here:
      • Transactions - are the main information about operations related to the accounted assets
      • Base Transactions - are decomposition of the complex transaction into the basic actions.
        • The most vivid example would be Transaction Type (asset's complex action) "Transfer Instrument".
        • In its nature "Transfer Instrument" is just change of the position account - an account where the security is held (also known as depository).
        • Under the hood there are 2 base actions:
          • Withdraw Instrument from an old position account
          • Deposit Instrument to a new position account
        • In Finmars we are tracking the P&L (profit and losses) and for these we need to go a little bit further and add 2 more actions. So, in Finmars for "Transfer Instrument" we have 4 different base transactions: 
          • Withdraw Instrument from an old position account
          • Deposit Instrument to a new position account

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