Temenos has launched Multifonds Navigator, a net asset value (NAV) monitoring and contingency solution available to asset managers who outsource their fund accounting operations to third-party administrators.
The new cloud-based subscription service provides independent, automated NAV and IBOR validation that meets growing industry calls for transparency, accountability and operational resilience.
Multifonds Navigator provides an estimated net asset value and investment register (IBOR) value that is automatically calculated for all asset classes and multiple jurisdictions.
This allows asset managers to independently verify their fund administrator’s NAV calculation and also provides a contingency solution in the event of an unforeseen outage.
Multifonds Navigator is designed to free up resources by creating automated and repeatable processes, providing asset managers with the ability to further streamline their fund operational functions.
Specialists in asset servicing and fund accounting software for over 25 years, Temenos Multifonds manages funds in 35 jurisdictions, including traditional, mutual and UCITS, insurance and pension funds, as well as alternative funds such as exchange-traded funds, hedge funds and private equity.
Oded Weiss, Managing Director of Temenos Multifonds, said, “The quality of any NAV monitoring solution is only as good as the solution’s ability to independently calculate NAVs in various jurisdictions and complex asset classes. Leveraging Multifonds features and our client experience, our new SaaS solution meets the needs and gaps of today’s market. »