Northern Trust and FIS have collaborated to drive transparency in private equity fund administration.
The reporting for Northern Trust private equity fund administration clients was developed in collaboration with financial technology solutions provider, FIS, and leverages FIS’s Data Exchange Reporting and Analytics (DX R&A) solution.
In the collaboration with FIS, Northern Trust developed enhanced reporting and analytical tools, which provides private equity managers with greater transparency in fund operations.
This will deliver on-demand data and customised views of portfolio information.
Additionally, the new technology supports the increasing demand for private equity financial officers for direct and immediate access to their data.
Pete Cherecwich, president of corporate and institutional services at Northern Trust, said: “We have focused heavily on deploying leading technology to drive increased transparency in private equity investing, and this latest enhancement is another example of how we continue to raise the bar.”
“By incorporating the advanced FIS solution, we give clients the data they need to make more informed decisions.”
Sami Juma, head of alternative solutions at FIS, commented: “Northern Trust joins a growing number of firms that deploy our Data Exchange Reporting and Analytics solution to provide a self-service platform for their clients to view their data, run reports, and analyse portfolio performance.”
Juma added: “Using our advanced solution, Northern Trust’s clients can transform data into intelligence to improve decision-making, whilst simultaneously benefiting from an enhanced customer experience.”
