There is a renewed interest within both established and recent outsourcing initiatives in addressing the challenges around NAV Oversight and Backup NAV
Slideshare | NAV Oversight & Backup NAV Challenges. You are not alone...Milestone Group
An insight into the shifting landscape of outsourced fund administration, oversight liability and complying with the regulators, the reliance on spreadsheets and manual processing, and the search for better solutions.
Top-performing midsized company finance teams spend an average of 300 hours less per year on the accounting close than their peers.
CEB Finance provides powerful benchmarking data and
best practice solutions to help CFOs and their teams to identify inefficiencies in their accounting close processes and to prioritize improvement efforts.
Learn the 5 best practices leading CFOs use to shorten the accounting close process.
Contact us to receive detailed Accounting Close Process Benchmarks and Best Practices that will help guide your process improvement efforts.
CEB Finance
Why Technology Will Shape the Future of the Sell SideFIS
As the sell side faces a myriad of challenges, technology will be a deciding factor in future success.
In our latest slideshow, we look at three steps to help banks and broker-dealers prepare for what lies ahead:
• Protect your business – take charge of risk and compliance
• Operate with scale – manage escalating costs and protect margins for sustainable growth
• Simplify complexity – get ahead of change with efficient processes and informed decision-making
To learn more, view our slideshow.
Managed Test Services Is:
1 - Having a strategic partner manage all software testing needs of the organization.
2 - Ensuring that uniform testing standards are implemented across the organization.
3 - Managing the risk factors of testing processes centrally.
4 - Running it akin to a factory.
Slideshare | NAV Oversight & Backup NAV Challenges. You are not alone...Milestone Group
An insight into the shifting landscape of outsourced fund administration, oversight liability and complying with the regulators, the reliance on spreadsheets and manual processing, and the search for better solutions.
Top-performing midsized company finance teams spend an average of 300 hours less per year on the accounting close than their peers.
CEB Finance provides powerful benchmarking data and
best practice solutions to help CFOs and their teams to identify inefficiencies in their accounting close processes and to prioritize improvement efforts.
Learn the 5 best practices leading CFOs use to shorten the accounting close process.
Contact us to receive detailed Accounting Close Process Benchmarks and Best Practices that will help guide your process improvement efforts.
CEB Finance
Why Technology Will Shape the Future of the Sell SideFIS
As the sell side faces a myriad of challenges, technology will be a deciding factor in future success.
In our latest slideshow, we look at three steps to help banks and broker-dealers prepare for what lies ahead:
• Protect your business – take charge of risk and compliance
• Operate with scale – manage escalating costs and protect margins for sustainable growth
• Simplify complexity – get ahead of change with efficient processes and informed decision-making
To learn more, view our slideshow.
Managed Test Services Is:
1 - Having a strategic partner manage all software testing needs of the organization.
2 - Ensuring that uniform testing standards are implemented across the organization.
3 - Managing the risk factors of testing processes centrally.
4 - Running it akin to a factory.
“Managed services”, the most demanding service these days for improving operations and cutting expenses. Let’s find out what managed services are and how it’s helpful. Also few points indicating how to know if one need a Managed service, what’re the factors to consider while choosing your service provider and lastly what can be the minimum expectations from your managed service provider.
At SAP for Utilities 2014, Venkateshwarlu Putcha, TCS, and Mike Kelly, PSEG, showcase their collaborative efforts in transforming PSEG's debt management, improving the efficiency and efficacy of their debt collection process.
MDM comparatively less mature; plans seem to be in place to transform further...Genpact Ltd
In BFSI, MDM is comparatively less mature; plans seem to be in place to transform further if needed. Know more: http://go.genpact.com/CFO-research-Advanced-Operating-Models.html
Audit update
Slides from a webinar to the Federation of Awarding Bodies on Monday 27 April 2015
Webinar hosted by Bryan Horne
Associate Director Standards for Vocational Qualifications and Apprenticeships
The pathway to technical debt recovery for mid size Australian businessNoel Lynam
Calypsi specialises in the provision of back end technology to deliver on the customer promise. Technical Debt is in up to 90% of mid size Australian businesses, impacting on their capacity to innovate and transform. www.calypsi.com for more information email info@calypsi.com
Best Practices for Improving an Accounting System SilverRoad Solutions TSONDE
Best Practices for Improving an Accounting System
Facts You Should Know
Problems often can be traced back to four key areas:
1. How the system was set up
2. How well the processes were married to the technology
3. The type of training people received
4. How well “Best Practices” were applied to the end-to-end processes
Free Whitepapers - www.silverroad.net/finance
• Unlock the Hidden Value in your Accounting System
• Improving Inefficient Accounting Systems
Continuous Controls Monitoring: Putting Controls in Place is Not EnoughFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA)
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
Need Middleware Monitoring? Build a Better Business Case.SL Corporation
Funding for middleware monitoring projects is sometimes difficult to obtain - unless you know how to build a business model that effectively communicates business value to all stakeholders - both inside and outside of IT. In this presentation, you’ll learn why funding has become more difficult and how to quantify the value using SL’s ROI model that calculates both costs and savings associated with SL’s RTView monitoring solutions. Citibank also provides advice based on their own experience in obtaining and implementing middleware monitoring. To see the actual demonstration of Citibank’s RTView monitoring platform for their TIBCO Online Banking Applications, watch the recorded video here: http://sl.com/about-us/webinars-events/
A Holistic Approach to Accounting Close and Reporting Effectiveness: It’s so ...Proformative, Inc.
Video & Slides: http://www.proformative.com/events/holistic-approach-accounting-close-reporting-effectiveness-it-s-so-much-more-technology
The accounting close and financial reporting each occupy a unique position among business processes. While recognized as critical processes, and the subject of increasing regulatory scrutiny, the close and reporting processes have been remarkably resistant to the type of re-engineering efforts that have improved performance and productivity in less critical areas. Many companies are looking at cloud and related technology to drive improvements in their accounting close and reporting effectiveness. However, technology in and of itself does not improve manual processes. If technology is implemented without the proper consideration for process and people, it can negatively impact accounting close and reporting effectiveness. Each company’s unique accounting and reporting requirements dictate that a total solution approach, focusing on continuous improvement, offers the best path to successfully improving the quality of financial close and reporting. Join us to discover specific techniques and tactics that can be leveraged by your company in taking a holistic approach to accounting close and reporting optimization.
Condition-Based Maintenance: 10 Steps Towards Continuous ImprovementOSIsoft, LLC
The move from calendar-based maintenance to predictive maintenance is an ongoing process. But where should you begin? These ten easy steps can provide some guidance for getting started.
“Managed services”, the most demanding service these days for improving operations and cutting expenses. Let’s find out what managed services are and how it’s helpful. Also few points indicating how to know if one need a Managed service, what’re the factors to consider while choosing your service provider and lastly what can be the minimum expectations from your managed service provider.
At SAP for Utilities 2014, Venkateshwarlu Putcha, TCS, and Mike Kelly, PSEG, showcase their collaborative efforts in transforming PSEG's debt management, improving the efficiency and efficacy of their debt collection process.
MDM comparatively less mature; plans seem to be in place to transform further...Genpact Ltd
In BFSI, MDM is comparatively less mature; plans seem to be in place to transform further if needed. Know more: http://go.genpact.com/CFO-research-Advanced-Operating-Models.html
Audit update
Slides from a webinar to the Federation of Awarding Bodies on Monday 27 April 2015
Webinar hosted by Bryan Horne
Associate Director Standards for Vocational Qualifications and Apprenticeships
The pathway to technical debt recovery for mid size Australian businessNoel Lynam
Calypsi specialises in the provision of back end technology to deliver on the customer promise. Technical Debt is in up to 90% of mid size Australian businesses, impacting on their capacity to innovate and transform. www.calypsi.com for more information email info@calypsi.com
Best Practices for Improving an Accounting System SilverRoad Solutions TSONDE
Best Practices for Improving an Accounting System
Facts You Should Know
Problems often can be traced back to four key areas:
1. How the system was set up
2. How well the processes were married to the technology
3. The type of training people received
4. How well “Best Practices” were applied to the end-to-end processes
Free Whitepapers - www.silverroad.net/finance
• Unlock the Hidden Value in your Accounting System
• Improving Inefficient Accounting Systems
Continuous Controls Monitoring: Putting Controls in Place is Not EnoughFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA)
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
Need Middleware Monitoring? Build a Better Business Case.SL Corporation
Funding for middleware monitoring projects is sometimes difficult to obtain - unless you know how to build a business model that effectively communicates business value to all stakeholders - both inside and outside of IT. In this presentation, you’ll learn why funding has become more difficult and how to quantify the value using SL’s ROI model that calculates both costs and savings associated with SL’s RTView monitoring solutions. Citibank also provides advice based on their own experience in obtaining and implementing middleware monitoring. To see the actual demonstration of Citibank’s RTView monitoring platform for their TIBCO Online Banking Applications, watch the recorded video here: http://sl.com/about-us/webinars-events/
A Holistic Approach to Accounting Close and Reporting Effectiveness: It’s so ...Proformative, Inc.
Video & Slides: http://www.proformative.com/events/holistic-approach-accounting-close-reporting-effectiveness-it-s-so-much-more-technology
The accounting close and financial reporting each occupy a unique position among business processes. While recognized as critical processes, and the subject of increasing regulatory scrutiny, the close and reporting processes have been remarkably resistant to the type of re-engineering efforts that have improved performance and productivity in less critical areas. Many companies are looking at cloud and related technology to drive improvements in their accounting close and reporting effectiveness. However, technology in and of itself does not improve manual processes. If technology is implemented without the proper consideration for process and people, it can negatively impact accounting close and reporting effectiveness. Each company’s unique accounting and reporting requirements dictate that a total solution approach, focusing on continuous improvement, offers the best path to successfully improving the quality of financial close and reporting. Join us to discover specific techniques and tactics that can be leveraged by your company in taking a holistic approach to accounting close and reporting optimization.
Condition-Based Maintenance: 10 Steps Towards Continuous ImprovementOSIsoft, LLC
The move from calendar-based maintenance to predictive maintenance is an ongoing process. But where should you begin? These ten easy steps can provide some guidance for getting started.
2018 Val Act: Session 22 - Material weaknessAlex Hovi
Avoiding the material weakness: Case studies in developing effective controls.
Originally presented by Melanie Dunn and Mark Spong at the 2018 Valuation Actuary Symposium.
Dynamics 365 Calendar for Finance Industry to Overcome the Most Common Challe...AppJetty
Explore how Dynamics 365 Calendar empowers the finance industry to overcome common challenges. Enhance resource management, optimize scheduling, and drive efficiency in financial operations.
What is Going on in the GovCon Market? Benchmarks and Trends for Government C...Unanet
What is Going on in the GovCon Market? Benchmarks and Trends for Government Contractors Presented by Kim Koster, Unanet.
Uncover the insights and tips to grow your government contracting business.
* Plan & strategize for next fiscal year.
* Focus on internal control best practices and standards.
* Insights to create internal roadmaps and manage controls.
* Drive value in your overall organization.
Revenue cycle management success: Learn these key factorsEyeCareLeaders1
Your ophthalmic practice should be leaning heavily on its revenue cycle management plan. RCM can help your practice minimize errors, increase the chances you will get paid, and tamp down on the size of your accounts receivable. https://eyecareleaders.com/revenue-cycle-management-success-factors/
How to Safely Race to an Optimized Financial Accounting Close?Cogneesol
As per one survey by the Institute of Management Accountants, financial closing is one of the most significant challenges. In order to optimize financial close; an organization requires to make coordinated efforts. Here in this document, we have discussed how companies can race to an optimized financial accounting close safely.
CashPerform has a unique offering that facilitates efficiency in the cash conversion cycle to recover cash from suppliers, customers and internal efficiences. This translates into Working Capital Optimisation
For the last 20 years, organisations have invested into transformation of the entire financial consolidation process from ERP accounting systems to financial consolidation software in order to improve the way of tackling the challenge of Financial Close & Balance Sheet Consolidation with modern software solutions. Despite these
investments, more than 90 per cent of organisations still rely on spreadsheets to gather information from disparate financial systems and perform variance analysis on financial statements, compiling information from multiple sources. The requirement for transparency in financial statements is non-negotiable, and this starts with the financial close and reporting process. Financial consolidation software solutions have certainly
improved the process, driving organisations towards a more consistent chart of accounts, and supporting the period end processes, such as allocations and inter-company eliminations. However, when looking at the actual activities that finance employees perform each month, it is clear that there are still significant gaps. This article provides a realistic view of the use of technology to improve the financial close and reporting process
and achieve increased quality, accountability, auditability, efficiency and ultimately, regulatory compliance.
Sanjay Mehta, CEO, MAIA Intelligence Pvt. Ltd. authored this article for The Chartered Accountant (CA) Journal, March 2011.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. Outsourcing
challenges with NAVs
There is a renewed interest within both established and recent
outsourcing initiatives in addressing the challenges around
NAV Oversight and Backup NAV:
• Complex operational challenges in supporting these
outsourcing relationships
• Overseeing these relationships in a changing regulatory and
operational landscape
Soundfamiliar? Youarenotalone
4. 1
2
However these motivations have
now shifted a degree or twoShifting
outsourcing
motivations–
new drivers
A corporate sense of core and non-core activities
Desire to avoid major refurbishment projects of
internal operating models and related technology
7. How are some
who outsource
feeling?
A LOSS OF
CONTROL
over the quality of
daily NAV production
and related data
FEAR OF PERIODIC
INTERRUPTIONS
to the timely and
accurate delivery of
NAVs
RESIDUAL EFFECTS OF
2015 ACCOUNTING
SYSTEM FAILURE
at a major service provider
that prevented them from
getting client NAVs out the
door over multiple days
DESIRE TO
INDUSTRIALIZE
and support a robust,
professional oversight
function
8. What are the
regulators
saying?
The regulators have ‘raised the bar’ on acceptable
market practice in relation to oversight. They have set
the expectation that fund boards should have a
business continuity plan in place to insure against a
future service provider outage or failure.
In the US and Canada the regulators are clear -
outsourcing fund accounting does not absolve the
fund managers of their fiduciary duty to distribute
timely and accurate NAVs.
9. What are the
regulatorsdoing?
In 2016, one fund manager had a NAV error go
undetected for months before being identified during
a routine audit, resulting in millions of dollars in
restitution to the fund and several more millions of
dollars in fines by the regulator.
APPLYING PENALTIES WHERE BREACHES OCCUR
10. Is it possiblefor
marketplayersto
comply with the
regulators?
Continued reliance on home grown
solutions, often leveraging existing
middle office systems that were not
intended for this purpose.
Many still using cumbersome, fragile
spreadsheet-based or semi-manual
solutions.
Some fund administrators provide add-
on services as protection against a
failure of their primary accounting
system. However, their clients struggle
to understand the logic as resilience
was a primary factor in their original
business case.
11. • Oversight resources are stretched thin –
competition for available operations
budget
• Not enough time in the short window
before NAVs are distributed to perform a
complete set of checks across all funds
and classes to ensure their accuracy
• Oversight process often relies heavily on
spreadsheets and manual processes that
are time consuming and prone to user
error or discontinuity, which translates
into a high likelihood that some NAV
errors are going to go undetectedWhat’sstopping you?
12. “I realizethat my current oversight
processis not great, but it appears
to be working…for now at least.”
A common view is - little has gone wrong for a period of time,
therefore risk of an oversight failure is being effectively managed.
It is therefore not a surprise that initiatives to fortify oversight and
contingent NAV capabilities often follow an actual loss event, near
miss or regulatory directive.
13. Independence is key
78% of market participants feel that the oversight
process should be independent of their service
provider*
14. 1
2
One option is to employ shadow accounting
or to recreate accounting books
Insuring against
your service
provider’soutage
Generally discounted as too costly and wipes out the cost
savings, the original driver of the outsourcing
Not a broad enough solution. Most fund managers now
believe that an insurance policy against future service
outages should be independent of their service provider’s
infrastructure and provide protection against a broader
range of failure scenarios than just the fund accounting
platform
15. What to look for
in an effective
contingent NAV
solution
ACCURACY across fund types and share classes
RELIABILITY over a multi-day outage
INDEPENDENCE of service provider availability
LOW COST of ownership
15