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

A-Team Insight Blogs

Robeco Completes Installation of Multifonds Fund Accounting System

Robeco, a pure-play asset manager with an active investment style has gone live with Multifonds Fund Accounting system to support its fast and efficient growth into new markets.

Robeco needed a fund accounting product that provided a high degree of flexibility and a quick time to market in terms of setting up new products, coupled with the ability to incorporate legal changes quickly, and easy scalability across global geographies and jurisdictions.

After an intensive selection process, the Dutch-based manager chose Multifonds as the most flexible, cost-effective and comprehensive solution.

“Multifonds deals with various complex fund structures and instruments in a highly efficient manner,” said Volker Wytzes, Director of Robeco’s Financial Service Center. Those asset classes included equity, fixed income, cash, futures, options, interest/credit derivatives, units, complex swaps and mortgage backed securities.

The fact that Multifonds is a multi-currency, multi-lingual, real-time global system also appealed to Robeco. Given that Multifonds has a single platform that can cope with a huge variety of country-specific regulations, valuation and accounting processes, the process was also made a lot simpler for the asset manager.

Furthermore, installation could be tailored to suit the asset manager’s specific needs, such as different charts of accounts. We gained a lot in terms of the flexibility of integration with other tools and applications,” said Wytzes.

Oded Weiss, CEO of Multifonds, said: “We are delighted to be working with Robeco. We believe that the ability of our product to work across asset classes and jurisdictions, coupled with the advantage of enhanced efficiency, will help to support Robeco’s continuing growth and commitment to the highest standards of service. We look forward to continuing to work closely together in the future.”

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

How to use the LEI to Solve your Onboarding Problems and Cut Costs

Client onboarding and lifecycle management are an ongoing problem at many financial institutions, with inefficiencies often caused by layers of technologies and processes added to capture required data and avoid fines when new rules and regulations are introduced. A solution to the problem, which could save the global banking industry billions of dollars a year...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Hosted/Managed Services

The on-site data management model is broken. Resources have been squeezed to breaking point. The industry needs a new operating model if it is truly to do more with less. Can hosted/managed services provide the answer? Can the marketplace really create and maintain a utility-based approach to reference data management? And if so, how can...