Linedata upgrades fund accounting platform

Source: Linedata

Linedata, the global solutions provider dedicated to the investment management and credit industries, today announced the latest release of Linedata Mfact, its award winning fund accounting solution for fund administrators, banks and trust companies, mutual funds, hedge funds and pension funds.

As investors further leverage the expertise and experience of multiple managers with various niche investment vehicles to diversify their portfolios and gain consistent investment returns, controls are needed in reporting, compliance and portfolio accounting. To meet these requirements, asset managers and administrators need information that is accurate, timely, consistent and meaningful. It is essential for firms to have the technology infrastructure to provide the various data necessary to comply with new reporting burdens.

Enhanced with a flexible fund structure, Linedata Mfact now offers full multiple manager Portfolio, General Ledger and Net Asset Value reporting in parallel with traditional fund level reporting. This ability to track funds by manager and total portfolio provides the necessary controls for reporting, compliance and accounting at both the consolidated and the manager level.

"Administrators who can efficiently support multi-manager and traditional fund structures have an advantage in the market. As fund sponsors are increasingly utilizing a multi-manager approach, there is greater need to support full multi-manager level Portfolio, GL and NAV reporting" says Gavin Little-Gill, global head of Asset Management product strategy at Linedata. "Administrators need technology platforms that are scalable and automated to support the activity of multiple managers without compromise."

With over 20 years' experience providing reliable, accurate and cost-efficient technology, Linedata Mfact helps users achieve operating efficiencies by simplifying workflows and accounting controls. Offering comprehensive instrument coverage, flexible data interfacing, reconciliation and reporting capabilities, Linedata Mfact provides firms with the functionality and tools they require. This new functionality will also be reflected in Linedata's recently introduced administrator platform, Linedata Admin Edge. Linedata Admin Edge combines the power of key administrator capabilities in one compelling package offering fund accounting, investor administration and income allocations as well as web reporting.

In addition to its multi-manager fund structure, the latest release of Linedata Mfact continues to add enhancements that support our clients' growth in assets, accounts and fund complexity while improving processing and user workflows that mitigate the need to add additional staff.

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