Tradar, a leading provider of portfolio management and accounting solutions to the alternative investment management industry, today announced that it has released version 3.2 of its Insight platform.
The new version of Insight is part of a programme of improvement aimed at introducing even greater levels of STP, full automation of the NAV process, and enhanced reporting for the front office.
The latest version of Insight incorporates a number of useful features, including FIX drop copy support, which allows for the real-time posting of executed orders on the system, thereby improving STP and providing users with an up-to-the-minute view of positions, P&L, instrument and currency exposures. The release of Insight 3.2 also sees the introduction of a cash interest accrual manager, which enables the calculation and posting of interest accruals on cash balances, and forms the first part of an update to the platform's accrual functionality.
A financial reporting suite completes the update, providing hedge funds with the ability to produce financial statements, as well as supporting tax and transaction reports. Easily configurable and customisable, the module is fully integrated with the Insight platform, allowing the user to access underlying trade and security details. Acting as a useful aid to transparency, the feature enables hedge funds to shadow the work carried out by administrators and, through the rapid production of the necessary reports and data sets, cuts down the amount of time required for the completion of audits.
Trevor Headley, General Manager (Europe), Tradar, commented: "Tradar is dedicated to delivering new functionality to its clients and so we are delighted to announce the release of Insight 3.2. The release emphasizes Tradar's continued focus on development and also forms part of a broader strategy to introduce greater levels of STP, as well as to fully automate the NAV process and to enhance reporting for the front office. Upcoming releases of Insight, which will make available a number of improvements such as multi-period reporting, time series reporting and charting, as well as a second phase of accruals features, will complete this aim