Linedata is launching a new version of its fund accounting platform.
Linedata’s global fund accounting platform provides full portfolio and general ledger support for all fund types, including mutual funds, hedge funds, and trusts.
The new platform, Linedata Mfact 11.3, will be streamlining and automating key operational processes to deliver increased efficiency for users.
It will enhance bank debt, using special logic to handle the unique characteristics of income accruals receipts and tranche reporting.
The new update will also enhance expenses, the automatic calculation and accrual of expenses in any currency.
Additionally, income interface will be enhanced and will offer support for the interface of accruals, receipts and adjustments and their automatic settlement.
Further enhancements have been made around settlements and income processing during weekends, holidays, and month end reporting periods.
Michael Galvin, product manager, Linedata Mfact, commented: “We are committed to continually improving our clients’ user experience, providing intuitive business process management capabilities and exception monitoring tools.”
Galvin, added: “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.”
