What's New in Corporate Messenger?

Company Registrations

484 Issue, Transfer and Cancel Shares

Company Profile

Company Profile - Pages

Company Profile - Exports

Allotments Table

Reconciliation Tools

Add Transactions

Update Transactions

Edit Transactions

Discrepancies

Pending Transactions

Share Transactions Page

 

Explore the next step in the evolution of Corporate Messenger with our introduction of Managing Transactions. This detailed comparison lays out the new functionality offering a clear view of what's changed. Understand how these updates will streamline your compliance workflows and bring added efficiency to your daily operations.

 

Company Registrations

Without Managing Transactions:

001045c9-53e0-48c5-af95-ecdc26fae501.png

With Managing Transactions:

2024-03-06_07h56_29.png

Below outlines the changes that have been made to Company Registrations with Managing Transactions enabled.

  1. The amount paid field has been restructured to collect the total amounts.
  2. A read-only field has been included to display the projected amount per share.

Note: By recording total amounts, the validation process with ASIC has been improved. Additionally, the system now automatically calculates the per-share unit amount, providing an extra layer of detail for your shareholdings. 

 

484 Issue, Transfer and Cancel Shares

Without Managing Transactions:

c2871a5e-e9ba-493f-9e70-2fb43e0da47a.png

With Managing Transactions:
2024-03-06_07h57_31.png

Below outlines the changes that have been made to the 484 Issue, Transfer and Cancel Shares with Managing Transactions enabled.

  1. The amount paid and unpaid fields have been restructured to collect the total amounts.
  2. Read-only fields have been included to display the projected amount paid and unpaid per share.

Note: By recording total amounts, the validation process with ASIC has been improved. Additionally, the system now automatically calculates the per-share unit amount, providing an extra layer of detail for your shareholdings. 

Company Profile

Without Managing Transactions:

2024-03-06_08h01_05.png

With Managing Transactions:

2024-03-06_08h01_57.png

Below outlines the changes that have been made to the Company Profile with Managing Transactions enabled.

The shareholder information section has been updated:

  1. The date of entry field for each shareholder.
  2. Added a beneficial status field for each holding.

Company Profile - Pages

Without Managing Transactions:

e704dca1-08e4-4404-8252-583ff0312c53.png

With Managing Transactions:

2024-03-06_08h08_34.png

Below outlines the changes that have been made to the Company Profile pages with Managing Transactions enabled.

The shares page has been split into two pages:

  1. The share summary page includes the share structure, shareholder holding balances table and transactions.
  2. The share transactions page lists all transactional records and changes.

Company Profile - Exports

Newly added with Managing Transactions:

bc60c923-1c67-4048-9311-6c03180b190d.png

2024-03-06_08h24_24.png

Below outlines the new functionality made to the Company Profile exports with Managing Transactions enabled.

  1. Share details can be exported directly from the holding balances table.
  2. Share details can be exported that include pending transactions.

Allotments Table

Without Managing Transactions:

2024-03-06_08h11_52.png

With Managing Transactions:

2024-03-06_08h13_47.png

Below outlines the changes that have been made to the Allotments table with Managing Transactions enabled.

  1. The holding balances table manages transactions and calculates the balances as at the present date.
  2. The table populates the share summary for the company as at the selected date.

Reconciliation Tools

Without Managing Transactions:

2024-03-06_08h28_28.png

With Managing Transactions:

2024-03-06_08h29_38.png

Below outlines how reconciliations can be actions with Managing Transactions enabled.

In the member holding balance table, users can now:

  1. Add transaction records to reconcile balances.
  2. Update transactions records to record progression in share details, preserving the history.
  3. Edit transaction records to make corrections to transactions recorded in error.

Add Transactions

Newly added with Managing Transactions:

2024-03-06_08h42_03.png

Below outlines how you can now add transactions with Managing Transactions enabled.

  1. Supports issue, transfer and cancel type transactions.

Update Transactions

Newly added with Managing Transactions:

2024-03-06_08h48_48.png

Below outlines how you can now update transactions with Managing Transactions enabled to:

  1. Record progression in share details whilst preserving the history.
  2. Split allotments to provide greater detail to shares held, such as shares with more than one beneficial owner.

Edit Transactions

Newly added with Managing Transactions:

2024-03-06_08h44_49.png

Below outlines how you can now edit transactions with Managing Transactions enabled.

  1. Records all activity in the change/audit log table on the share transactions page.
  2. Users are advised to limit this type of action to corrections, as it will compromise the historical share summary of the company.

Change/Audit Log

Newly added with Managing Transactions:

2024-03-06_09h11_25.png

There is now a change/audit log that will provide a summary of modifications made by users.

Discrepancies

Without Managing Transactions:

2024-03-06_08h54_32.png

With Managing Transactions:

2024-03-06_08h55_46.png2024-03-06_08h58_09.png

Below outlines the changes that have been made to the Discrepancy feature with Managing Transactions enabled.

  1. Improved the validation logic, notification and communication to indicate discrepancies

Please refer to the Discrepancy Notification Feature article for more information.

Pending Transactions

Newly added with Managing Transactions:

Collapsed

2024-03-06_09h00_58.png

Expanded

2024-03-06_09h03_22.png

You can now manage and view projected balances of pending transactions in-flight with Managing Transactions enabled.

Share Transactions Page

Without Managing Transactions:

2024-03-06_09h05_58.png

With Managing Transactions:

2024-03-06_09h08_37.png

Below outlines the changes that have been made to the Share Transaction Page with Managing Transactions enabled.

  1. New page to display the transactions table
  2. All edit/modification functionality is available on the shareholder holding balances table
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