An order management system (OMS) is an electronic system developed to execute secure orders in an efficient and cost-effective manner. Order management system keeps track of order’s progress throughout the system and takes care of all crucial data along with security.
Order management system simplifies and carry out step by step order execution in define manner. Order management handles real-time exchange information related to product and amount transactions along with its security.
Some of the benefits that firms can achieve from an order management system include managing orders, allocations and executions across assets from a single platform; automating pre-, intra- and post-trade compliance checks; reporting and tracking throughout the order’s life cycle and more.
Order reports will be providing overview of all your sales orders at one place to review how many orders are pending, invoiced, packaged, or delivered.