The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Rigel Capital Rolls Out FundWorks Global’s FundReports6 to Automate Reporting Process

Seattle-based institutional asset management firm Rigel Capital has gone live with FundReports6, FundWorks Global’s enterprise client communications and reporting platform, to meet its institutional reporting requirements. The firm decided to replace its previously manual monthly and quarterly institutional reporting process in order to speed up report production and reduce the risks in the process, says Lynn Rowley, director of administration and operations at Rigel.

“The transformation in our reporting process since going live have been significant benefiting both our reporting team and our customers,” says Rowley. “We are now able to capture data from source systems, validate data, generate the reports, apply post production checks and authorisations and distribute 1,500 statements to our secure web portal, again provided by FundWorks, within 24 hours.”

The implementation was carried out in cooperation with FundWorks’ implementation partner, Column A, who assisted in the development of a standard set of reporting packs to meet Rigel’s requirements. The solution covers all steps of the reporting process from data collection through to web portal delivery, says Chip Healey, managing director of FundWorks North America.

“The implementation included the redesign of the packs and a workflow process that aligned itself to Rigel’s business requirement for reducing the amount of data manipulation required pre report production and the availability of a secure web portal for customers to access their current and historical reports,” adds Healey.

The vendor will be working with Rigel to roll the solution out to further report types over the course of this year, says Healey.

Related content

WEBINAR

Upcoming Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Date: 8 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG...

BLOG

Refinitiv Acquisition of The Red Flag Group Extends Due Diligence Capabilities

Refinitiv’s acquisition of The Red Flag Group, a Hong Kong-based global integrity and compliance risk firm specialising in enhanced due diligence and onboarding technologies, should expand the company’s suite of due diligence offerings and help its corporate compliance customers better evaluate money laundering, bribery and corruption, and reputational and ESG risk. “The acquisition of The...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...