AWS Lambda-Powered Serverless Contract Notes Platform

Streamlined Contract Notes Processing with AWS Lambda

Contract notes processing is a critical process for financial institutions as it involves the generation and delivery of trade confirmation documents to clients. In the past, this process was performed manually, leading to long processing times, high costs, and errors. However, advancements in technology have led to the automation of this process, reducing processing time, and improving overall efficiency. Nexulus has implemented a serverless solution using AWS Lambda to automate and streamline contract notes processing for our client, significantly reducing processing time and improving the overall experience for their end users. AWS Lambda is a serverless computing service that allows developers to run code without provisioning or managing servers. Instead, AWS Lambda automatically scales and runs code in response to incoming requests, ensuring that the application is always available and responsive. The solution implemented by Nexulus leverages AWS Lambda to perform contract notes processing for our client. The solution supports all three trading hours – Derivatives, Currency, and Commodity – and can process over 5 lakh contracts daily. The platform features automatic PDF generation, email and SMS notifications, digital signing, and an API for report extraction. The platform’s features ensure that end users receive their trade confirmation documents in a timely and efficient manner, improving the overall user experience. The solution implemented by Nexulus replaces the client’s manual contract notes processing with an automated process that is faster, more accurate, and cost-effective. The automated process reduces the likelihood of errors, which can occur due to human error in manual processing. The use of AWS Lambda ensures that the application is highly available and responsive, enabling end users to receive their trade confirmation documents without delay. The solution’s architecture includes multiple AWS services, such as AWS Lambda, AWS S3, AWS SQS, and AWS SES. AWS S3 is used to store contract documents, while AWS SQS is used to manage the message queue for processing. AWS SES is used to send email and SMS notifications to end users, while AWS Lambda performs the actual processing of the contract notes. The solution’s architecture is highly scalable and can handle large volumes of contract notes, ensuring that the client’s needs are met.

The solution’s benefits are numerous. The automated process reduces the time required for contract notes processing, improving efficiency and reducing costs. The use of AWS Lambda ensures that the application is highly available and responsive, enabling end users to receive their trade confirmation documents without delay. The platform’s features, such as automatic PDF generation and email and SMS notifications, improve the overall user experience, making it easier for end users to access their trade confirmation documents. The solution also ensures that the client’s data is secure. AWS provides a highly secure environment for storing and processing data, ensuring that the client’s data is protected from unauthorized access. The use of digital signatures ensures that the trade confirmation documents are authentic and cannot be tampered with.

In conclusion, the solution implemented by Nexulus using AWS Lambda has streamlined the contract notes process for our client, significantly reducing processing time and improving the overall user experience. The use of AWS Lambda ensures that the application is highly available and responsive, while the platform’s features, such as automatic PDF generation and email and SMS notifications, make it easier for end users to access their trade confirmation documents. The solution’s architecture is highly scalable and secure, ensuring that the client’s needs are met while protecting their data from unauthorized access.