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Temenos Launches a Dynamic NAV Oversight and Contingency Solution for Asset Managers

By Puja Sharma

June 14, 2022

  • accounting
  • AI
  • Alternative Asset Management

temenosTemenos today 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.

Specialists in asset servicing and fund accounting software for over 25 years, Temenos Multifonds is used to manage over 25,000 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.

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 administrator’s NAV calculation and provides a contingency solution in the event of an unplanned outage.

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, said: “The quality of any NAV oversight solution is as good as the solution’s 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.”

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