fund management software

Fund Management System Benefits for You and Your Clients

Any organization or business could use the addition of a fund management system. This is a complete package that will allow them to manage their financial assets, offering multi-company, multi-currency, and multi-standard processing. Its architecture, technology and functionality combine to ensure that your needs are met in the most efficient way possible. Below are some of the most significant benefits that you can get from investing in a fund management system.

  • Generate value for you and your client. With a fund management system, you can stop losing time on manual workarounds, data reconciliation or integration subjects and entirely focus on your strategy. Quick and straightforward project implementations, ease of use and product flexibility are key elements to ensure speed to market and a high return on investment.
  • Control your risks better. With a fund management system, you can monitor your operational and business risks in one integrated that supports and provides straight-through-processing and the provision of advanced risk analytics and shared vision for customers via customized dashboards, real time information, and many more.
  • Control or reduce costs. Run your business with a fund management system and enjoy lowered costs thanks to its advanced technologies, application design and flexibility and implementation best practices. Consider using such a system in a SaaS mode as an additional way to reduce and control your costs.
  • Preserve your independence. Customize your fund management system according to your specific needs and make sure that it evolves with your strategy or future partnerships to support your growth. Design and create your own dashboards, reports, operations, products, and many others.

Get the best technology. With a fund management system, you can adopt SOA Architecture, Rich Internet Application, Web Services and Java technology for benefits that will go well beyond their technical facets. These technologies will also ensure independence, durability, enhanced performance and interoperability.

financial reporting software

The Benefits and Features of Asset Management Software

If you cannot afford the wasted effort, time and cost of looking for and replacing lost or missing assets, you need to get asset management software. Using this, you can track the assets you have, where they are, how much they cost and more. You can use current barcodes or create your own to check in and check out tools and equipment to employees. Asset management software takes only a few minutes to download and install.

  • Check in and check out assets. With asset management software, you can check out computers and equipment to employees and always know who to call when you need an item returned. Set a due date during the checkout process and then run reports to find the overdue assets.
  • Track the fixed assets in your business. Whether you need to keep track of your assets, or you just need a better accounting of what you have and how much it is worth, asset management software can track it all. Attach owner’s manuals, notes, pictures and more to your service records and hook them up again in one place whenever you need.
  • Track service, vendors and contacts. When servicing an item, track the service instructions, tips and tricks, vendors and contacts in your asset management software database. If the item has to be serviced again, you will have all the information you need at your fingertips. Look for the items quickly with a barcode to scan or a quick search.

When shopping for asset management software, look for the following asset management software features.

  • Attach owner’s manuals, pictures, and other files easily
  • Calculate an annual depreciation schedule
  • Check items out to employees, and maintain a full history of ownership
  • Perform a fixed asset stocktale
  • Print and save asset reports in various formats
  • Print barcodes of your assets, or use current barcodes to identify your assets
  • Track an unlimited number of assets
  • Track related contacts and vendors
compliance management software

What is the Purpose of an Investment Management System?

An investment management system is a plan of action undertaken by an organization to ensure that its infrastructure and assets are employed to deliver a desired standard of service. Such investment management systems are normally employed where the available assets are co-dependent in nature and are as such meant to work cohesively for the achievement of optimal results.

The main purpose of an investment management system is to clarify how a given standard of service will be provided using designated assets in a manner that is both optimal and justifiable. The term “optimal” attempts to describe a scenario where a superior standard of service can be best achieved at a minimal overall cost. Justifiably, on the other hand, has to do with a full presentation of all the costs and benefits for scrutiny purposes to gauge the effectiveness and efficiency of the activity.

An organization undertakes an investment management system to have a workable system that looks into three major facets of physical assets management: maintenance, upgrading and operation. When the framework for these three tasks is set, it becomes easier for an organization to fully understand the nature of its capital assets and respective values. An organization also becomes better placed to make sound investment decisions.

One of the most relevant purposes of an investment management system is to help an organization make informed planning decisions. A sound investment management system gives a useful framework that helps measure overall performance and gives vital information to help in internal long term and short term planning.

An investment management system is successful when the desired standard of service translates into measurable benefits that can be monetary, social or environmental. While it may be hard to quantify some of these benefits, it is essential to give some kind of assessment that will indicate if the investment management system is worth the ongoing costs with respect to the benefits accrued.


Fund Management Software for Hedge Funds

Hedge funds have complex accounting needs. Many of them report their returns ti multiple parties, like financial authorities, prime brokers and investors. They also have to handle complex transaction histories. Because of this, many hedge funds use fund management software packages to deal with their accounting needs. These software packages work alongside other software that they use.

Most hedge fund management software packages work with other software used by the hedge fund. For instance, a hedge fund might have a software package from its prime broker, which it uses to calculate profits, losses and cash positions every day. That package can feed a list of transactions and price changes into the accounting software of the company. The output will then be the fund’s profit and loss, which can be send to investors. This allows the fund management software to partially automate the profit and loss calculation process.

FundCount Accounting Software

One popular fund management software is FundCount, which handles a wide range of hedge funds, including typical funds and funds of funds. It is designed to handle as many accounting functions as possible. This fund management software imports information from other reporting sources, and outputs the correct financial results and filings. This is designed to reduce fund management expenses without sacrificing reporting quality. FundCount is a popular choice among larger funds, but its full feature makes it less viable for smaller companies.

Fitek’s Hedge Fund Software

Fitek is another big provider of hedge fund management software. Just like FundCount, this software is designed for several different, related industries, including hedge funds, funds of funds and private equity firms. The key benefit of this fund management software is that it creates an online portal for investors. Through the portal, investors can access all of the information needed to understand the reported results of the company. This streamlines the process for investors, so fund managers spend less time talking to outside investors and more time managing their assets.

financial asset management

A Quick Tutorial on Fund Accounting

If you have worked in a school, church or government office, you have probably heard the term fund accounting. This accounting method is chosen by most nonprofit organizations. It is required for all government bodies by the generally accepted accounting principles. Fund accounting allows such organizations to separate income and expenses by class, giving the reviewer of the financial statements a proper accounting of all like activities.

Simply speaking, fund accounting is like having an entire financial record set, including the balance sheet, income statement and statement of cash-flows for separate sub-entities in an organization. It is a method of accounting that allows the user to classify income and expense items according to a specific fund. For example, a church may have a general fund, benevolence fund, building fund and a mission’s fund. All these receive revenue and have expenses associated with the individual fund, even when they are part of the same larger group. Fund accounting helps keep track of the individual funds and the overall entity.

Governments and religious organizations receive money from donors who impose regulations, restrictions and limitations to its use. Fund accounting helps ensure the observance of limitations and restrictions placed on these resources. While the individual fund is accounted for in accordance with the imposed donor restrictions, fund accounting also allows management to view all funds in a consolidated statement to determine the financial states of the entity as a whole.

There is a wide range of accounting products especially design for nonprofit organizations looking to set up this type of accounting system. Fund accounting can be set up in a basic software like QuickBooks by using their classes to structure your accounts. However, depending on the size of the nonprofit organization, it would be better to buy a software that has been designed especially for fund accounting.

Most fund accounting programs have some form of consulting and training program that is bought with the software. Shelby Systems, for example, offers their church accounting products with free training. It would be wise to get a solid understanding of accounting before you try to set up this kind of system.

Iceland travel

Order your holiday online

Yep. As you might have noticed, it’s become almost impossible to buy a vacation the old school way – e.g. through a magazine or simply by picking up the phone or walking into a travelling agency. No. We simply don’t do that anymore. The travelling business has gone online. But with what effect? To me, that’s an interesting question.

Every time I have just a tiny plus on my bank account, I start searching the web for Iceland travels or Southern Europe sunny vacations. And I’m impressed by all the adventures Iceland has to offer. Who would have thought that Reykjavik had so much life and adventure? Obviously not me. I was impressed to see how many cultural opportunities and experiences Iceland travels has to offer. Not to mention all the wonderful trekking and beautiful geysers. I think it’s a huge advantage to offer such specialized excursions to wonderful places like Iceland. It gives the travel agency the opportunity to show the customers a special place like Iceland. I actually think that I want to go an a trip to Iceland within the foreseeable future.

financial reporting software

Monitoring Risk and Work flows with Collateral Managers

Software designed for cross-product collateralization as well as managing credit exposure to trades that are legitimate according to the standards and legal agreements ascribed in GMRA, GMSLA, or ISDA, and other credit supporting annexes (CSA).

A good collateral management software empowers the user to register transactions in its infancy stage or even collateral transactions that are current and ongoing. Often restrictions that clients can take advantage of such as collateral block trades are default features in certain collateral managers. Clients can manage different portfolios for different clients or multiple ledgers for single- or multiple-entity companies with multiple ledgers. These systems may appear to offer cookie-cutter templates and approaches but is is absolutely a must that they can be customized according to the client’s spending limits, risk tolerance, as well as goals.

That means your company’s chosen collateral manager has to be on top of the dynamic market while still allowing you to benefit from collateral rules functionality.

When experiencing a bullish market and the company is willing to invest on sureties that will yield high return at a minimal risk level, margin calls such as credit limits or spending capacity can be recalculated and modified upon the client’s approval. With collateral management system, any updates are applied across all pertinent and relevant information, eliminating the need for manual data entry.

Constant trade updates coming through live feeds is also a sought-after feature of collateral management systems, allowing financial managers to provide sound advice and for customers to settle for an informed decision, in real time.

regulatory management systems

How to Compare Regulatory Management Systems

Regulatory management is the end to end process of evaluating employee performance. It should incorporate the values and goals of the organization while helping to reinforce organizational behavior. More than a traditional employee appraisal system, a regulatory management system gives clearly defined expectations, rewards for successful achievement, regular feedback and guidance for improvement. To ensure optimal effectiveness, the management should compare and evaluate regulatory management systems for design and organizational fit. Below are the essential steps to comparing regulatory management systems.

  1. Do your homework. Before you decide on a regulatory management system. Define your goals and outcomes first. Schedule a meeting with the key leaders of the organization so you can go through the steps needed to roll out the system to the employees.
  2. Compare key features like structural inheritance, pre-built reporting, data entry and analytical tools. Determine how much of these features can be customized to organizational key performance indicators. Also know the data mining capabilities. Make sure that it aligns with the current platforms your organization is using.
  3. Inquire about the market size of your key consumers. Larger organizations are bound to require a regulatory management system than smaller companies. Pick a system that has experienced with supporting your needs.
  4. Compare the industries it has served. Not all regulatory management systems can serve all industries. Inquire about industry specific regulatory add-ons for the Sarbanes-Oxley if your organization is in financial services, or Health Insurance Portability and Accountability Act (HIPAA) if in health care.
  5. Ask about integration abilities. Regulatory management systems that have one centralized data structure should be more efficient.
  6. Determine how long meta data needs have to be updated. Data that needs to be updated more than once should require additional support and increase in the total cost of ownership.
  7. Compare the cost per 100 users. Different regulatory management systems have different pricing models. The only way that you can compare apples to apples is to ask for information by costs per user. Also, it is recommended that you understand what these costs are. Ask if its pricing includes consulting, training and licensing.




The Features of Investment Portfolio Management Software

With investment portfolio management software, portfolio and investment managers can now quickly analyze the performance of their private equity portfolio companies, real estate properties, portfolio funds, and other alternative investments. Investment portfolio management software will allow general partners to report and track portfolio company information. Other data like co-investment information can be combined to deliver a complete view of the portfolio.

Investment portfolio management software offers powerful insights to investors across a wide range of alternative assets. Having access to the most granular financial information, investors are now able to analyze their holdings in detail and obtain complete transparency into their investment portfolios. Investment portfolio management software allows managers and investors to:

  • Tract contact, financial and activity details related to an investment
  • Automate the investment validation process and incorporate comparable data
  • Maintain current administrative, financial and legal information
  • Track current and historical financial statements
  • Immediately obtain information from a property or company
  • Using financial and cash flow models directly in the investment portfolio management software
  • Leverage dynamic dashboards to analyze investment performance across multiple variables viewing results in real time.

Private Equity

  • Investment portfolio management software centralize all relevant information to allow easier and repeatable investment analysis
  • Save time and continue to use your favorite tools, and use valuation and analysis models directly in investment portfolio management software
  • Analyze holdings with dynamic dashboards and company tear sheets.

Real Estate

  • Access and analyze detailed real estate asset information from the lease to the portfolio level
  • Slice and dice property data across various variables with real estate dashboards
  • Use forecasts to model cash flows in a portfolio

A fund of funds can track and analyze underlying portfolio organization and properties, giving a consolidated view across various platforms. Investment portfolio management software manages and analyzes investments at any level of an investment structure; accesses consolidate view of holdings at the master fund level; analyzes and models whatever kind of investment structure; consolidates subscribers transparently; drills down underlying portfolio organization and property details; and consolidates a portfolio via any investment structure level.

asset management software

Tips on Naming Digital Files on Your Asset Manager Software

Your asset management software may be home to thousands of different types of assets, from photos, videos, audios, logos, illustrations, presentations and more. All of them should be unique and they should be easily accessible and convertible to other formats. Also, you be able to easily transfer them to internet and even third-party users seamlessly, regardless of the asset management software or the computer environment used. The key to this whole process in your asset management software is with the use of intuitive file names. They can be based on the date, subject or number, and should adhere to a few simple guidelines.

Following these guidelines, you can be assured that performing the above operations will be fast and quick. At a minimum, the file names that you pick for storage in your asset management software should be:

  • Unique. It should give distinct identification for a file. This should also prevent inadvertent overwriting.
  • Clean. It should be short in length, and is free from any unusual symbols or characters.
  • Platform-agnostic. It should be received from, send to, or used by various other computer systems, whatever asset management software they are using.
  • Content-indicative. It should include a 3 to 4-character extension that denotes the kind of content found in the file.

However, all of these raise a question: when you receive a file from another platform, user or organization, should you immediately rename it for use in your own asset management software? You should do this so you can standardize your file names. However, consider retaining the original filename as metadata attached to the file, so the previous owner can still locate it in its original name.

With the minimal forethought and some crisp filenames, your asset management software can continue to efficiently and easily manage all your digital assets as your organization continue to grow, whatever the origin is or the destination of the file. By adding custom scripting for automatic metadata application, you can create anything from assets ready in real-time for particular channels to rights-management workflows and automatic archival. The possibilities are just endless with the right metadata conventions and naming for your asset management software files.