Temenos has launched Multifonds Navigator, a net asset value (NAV) oversight and contingency solution available to asset managers who outsource their fund accounting operations to third-party administrators.
The new cloud-based subscription service provides independent, automated NAV and IBOR validation that addresses the increasing industry calls for transparency, accountability, and operational resilience.
Multifonds Navigator provides an estimated NAV and Investment Book of Records (IBOR) valuation that is calculated across asset classes and multiple jurisdictions automatically.
This allows asset managers to independently verify their fund administrator’s NAV calculation and also provides a contingency solution in the event of an unplanned outage.
Multifonds Navigator is designed to free up resources by creating automated, repeatable processes, presenting asset managers with an opportunity to further streamline their fund operational functions.
Specialists in asset servicing and fund accounting software for over 25 years, Temenos Multifonds manages funds across 35 jurisdictions including traditional, mutual and UCITS, insurance and pension funds, and alternatives such as exchange-traded funds, hedge funds, and private equity.
Oded Weiss, managing director of Temenos Multifonds, says: “The quality of any NAV oversight solution is as good as the solution’s ability to independently calculate the NAVs across various jurisdictions and complex asset classes. Leveraging the functionality of Multifonds and our client experience, our new SaaS solution fulfills the need and gap in the market today.”
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