Temenos Multifonds (Temenos) and PATRONAS Financial Systems (PATRONAS) have partnered to optimise back-office processes and improve the accuracy of information for front-office activities.
As part of the mandate, Temenos’ clients will have access to PATRONAS’ front and middle-office solution for portfolio, order, and trade management.
PATRONAS will be able to access Temenos Multifonds’ back-office solutions for automated net asset value (NAV) calculation, portfolio and fund accounting services and NAV oversight.
PATRONAS focuses on integrated portfolio, risk, compliance, and order management solutions as well as FIX connectivity.
Carsten Osswald, CEO of PATRONAS, says: “With this collaboration, we combine the strengths of our products in a common best-of-breed solution. All departments along the asset management process can work in real-time and are on the same information level.”
Thomas Chevalier, executive director at Temenos, adds: “This solution addresses the growing need among fund administrators within the asset management industry to continuously optimise their operations, for front-, middle- and back-office activities. Leveraging our respective technological capabilities, we are able to streamline their internal processes and ensure access to accurate data, as well as ensure that they can deliver quality service to their end investors.”
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