📋 Tender Overview
The new cloud-based subscription service provides independent automated NAV oversight and contingency to address increasing calls for operational resilience and auditable oversightTemenos announces the launch of Multifonds Navigator a simple and cost-efficient NAV oversight and contingency solution available to asset managers who outsource their fund accounting operations to third-party administrators.Powered by a robust exception-driven engine that drills down into the most intricate detail of fund structures Multifonds Navigator provides an estimated NAV and IBOR valuation that is calculated across asset classes and multiple jurisdictions automatically. This allows asset managers to independently verify their fund administrators NAV calculation and provides a contingency solution in the event of an unplanned outage. Specialists in asset servicing and fund accounting software for over 25 years Temenos Multifonds is used to manage over 25000 funds across 35 jurisdictions encompassing all asset classes and fund types. From traditional mutual and UCITS insurance and pension funds and alternatives including ETFs hedge funds and private equity. Temenos extensive experience within the industry has led to its recognition as a trusted partner by leading institutions around the world to administer service and value assets for their global client base.Offering solutions such as integrated Investment Book of Records IBOR and Accounting Book of Records ABOR along with highly sophisticated workflow and XAI-enabled exception-driven processing highlights Temenos capabilities to improve the efficiency of fund operations across both middle- and back-office functions. Including more focused asset managers who may require just a single NAV per day to complex multi-jurisdictional asset managers who need multiple IBORs and NAVs across different time zones and stakeholders. The new cloud-based subscription service provides independent automated NAV and IBOR validation that addresses the increasing calls for transparency accountability and operational resilience. Multifonds Navigator is designed to free up resources by creating highly efficient automated and repeatable processes presenting asset managers with an opportunity to further streamline their fund operational functions.Oded Weiss Managing Director of Temenos Multifonds saidThe quality of any NAV oversight solution is as good as the solutions ability to independently calculate the NAVs across various jurisdictions and complex asset classes. Leveraging the functionality of Multifonds and our client experience our new SaaS solution fulfills the need and gap in the market today.
