Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the latest release of Linedata Mfact, its award winning fund accounting solution for fund administrators, banks and trust companies, mutual funds and pension funds.
With over 20 years of providing reliable, accurate and cost-efficient technology, users of Linedata Mfact achieve operating efficiencies by simplifying their workflows and accounting controls. Offering comprehensive instrument coverage, flexible data interfacing, reconciliation and reporting capabilities, Linedata Mfact provides firms with the back office depth they require.
"Our client base is increasingly looking to offer value-added services for their clients. Web based client reporting is no longer a differentiator; it is required for global administrators," says Peter Muldoon, executive vice president of Linedata's back-office products. "This latest release enhances our integration with Linedata Reporting with the reports valued by administrators and their clients. It extends our integrated solution set which also includes Linedata Mfact integration with Linedata Compliance."
Upgraded with advanced reporting capabilities, Linedata Mfact is now integrated with Linedata Reporting, the most intuitive and robust web-based reporting solution in the market. With the new release, Linedata Mfact provides a web-based communication tool to distribute accounting reports and to quickly satisfy their clients' ad-hoc portfolio and general ledger report requests.
"In addition to being a comprehensive solution that handles full portfolio accounting capabilities, general ledger reporting, complex securities handling and regulatory compliance and reporting, Linedata Mfact now provides users with web-based access to their fund accounting information," said Peter Muldoon. "The accountants' need for control and accuracy of the data was the highest priority set forth in our integration design plans. Linedata Mfact offers that flexibility and accuracy."
With this integration, reports generated through Linedata Reporting call Linedata Mfact report business logic directly. Users can easily build their own reports using familiar data from Linedata MfacMfact reports rather than writing their own logic against the Linedata Mfact data tables. Linedata Reporting offers the swift convenience of a web-based tool, coupled with an integration design that ensures strong accounting control. This combination therefore offers the scalability an administrator needs to grow their business efficiently and cost-effectively.
In addition to its integration with Linedata Reporting, this latest version of Linedata Mfact includes other enhancements including changes to ease the burden of quarterly financial reporting and enhanced security access and password logic.