Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Michael Galvin, Linedata

27592

Linedata launches enhanced fund accounting platform

RELATED TOPICS​

Linedata is launching a new version of its fund accounting platform, Linedata Mfact 11.3, streamlining and automating key operational processes to deliver increased efficiency for users.

Linedata’s leading global fund accounting platform provides full portfolio and general ledger support for all fund types, including mutual funds, hedge funds, trusts, pension funds and separately managed accounts, for use by fund sponsors, investment managers and third-party administrators alike. Mfact caters for multi-currency, multi-share class, multi-manager and multi-tiered fund structures and fully automates the NAV production process.
 
This latest update offers enhancements in the following areas: bank debt – special logic to handle the unique characteristics of income accruals, receipts and tranche reporting; expenses – the automatic calculation and accrual of expenses in any currency; and oncome interface – support for the interface of accruals, receipts and adjustments and their automatic settlement.
 
Further process automation enhancements have also been made around settlements and income processing during weekends, holidays and month end reporting periods. An automation layer, sitting above Linedata Mfact’s industry leading accounting engine and audit trails, allows users to achieve improved levels of operational efficiency. Transactional history and balances are easily produced using over 150 inbuilt reports and inquiry screens, with underlying data readily accessible through comprehensive inbuilt extract tools.
 
Michael Galvin (pictured), product manager, Linedata Mfact, says: “We are committed to continually improving our clients’ user experience, providing intuitive business process management capabilities and exception monitoring tools. This latest release supports Linedata’s strategic vision to fully automate the production and approval of the NAV, a time saving and risk reducing development for customers.”

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by