ESI-Direct is an improvement to the existing process for populating OTEA 706 or FAS Original Assets & Various Valuations.

Right now, most OTEA clients utilize the multi-step process:

• User enters starting assets & units into the valuation software
• User calls for DOD or Start of Trust pricing in the valuation software
• Next user creates a .prn export file from the valuation software
• Finally user imports .prn file into OTEA (706 or FAS) and makes necessary adjustments.
• At this point the user can call on OTEA "securities pricing" and use either Appraise or ESI Direct to call out for post DOD/Start of Trust Valuations (i.e. Alternate, Market, Distribution). An advantage of using ESI-Direct is that logs & reports are created for each valuation request made and stored with the OTEA client

With ESI-Direct, the process is streamlined:

• User either creates Original Asset records directly in OTEA (706 or FAS) or they create the assets on the fly via ESI-Direct using OTEA "securities pricing".
• With ESI Direct selected as the Valuation method in "securities pricing" the user calls out for various valuations (DOD/Start of Trust, Alternate, Market, Distribution) and a return xml file is returned from ESI
• OTEA digests the return file and stores the valuations in 706/FAS for use in backend reporting
• Date/Time stamped logs & reports are saved in "securities pricing" as part of the client file for reference

To learn more about how this innovation makes your life easier and simpler, please watch the video by Earl Linton, Product Trainer for OTEA.