Linedata has launched an updated version of its fund accounting software, Linedata Mfact.
The update focuses on streamlining and automating key processes and enhancing exception management capabilities.
According to Linedata, it aims to offer new business process management capabilities, enhanced corrections processing, an integrated weekend/holiday schedule and improved handling for irregular paying debt instruments.
Linedata Mfact is part of the Linedata Admin Edge platform, supporting end-to-end fund administration for alternative, traditional and liquid alts funds.
This new version of Linedata Mfact also aims to further enhance the job scheduler to support Linedata Optima, adding more processes and enabling greater flexibility in the planning and scheduling of processes.
In addition, Linedata Optima’s specialist business process management tool will be added to to Linedata Mfact’s functionality set, enabling centralised exception management and process monitoring.
Linedata Optima was created to remove manual operations by presenting a real time view of all automated processing and exception messages on a single screen.
“With these latest enhancements to Linedata Mfact we are delivering greater automation of core processes and more comprehensive exception management, to enable our clients to handle more effectively the higher volumes and broader instrument requirements that they are experiencing”, said Michael Galvin, product manager at Linedata.
“At Linedata we continue to invest in our fund services offering to ensure that our clients can rely on us to meet their administration system needs, in terms of automation, functionality, scalability, regulatory updates and new instrument coverage.”
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