Valu-Trac adopts Temenos SaaS to scale Fund Administration in the UK

By Gloria Methri

Valu-Trac Investment Management Limited has selected Temenos Multifonds SaaS to drive the strategic development and growth of its Fund Administration and Transfer Agency business.

By replacing its in-house on-premise systems with the full end-to-end solution Temenos Multifonds Global Accounting (MFGA) and Multifonds Global Investor (MFGI), Valu-Trac aims to optimise operational efficiency through automation on a single platform.

This transformation will offer a significant uplift in capability and servicing for Valu-Trac’s Managers and Collective Fund Shareholders.

Valu-Trac, headquartered in Scotland, offers a comprehensive range of services, including Investment Management and support, Authorised Corporate Director (ACD), and Fund Operations, to approximately 45 Sponsors/Investment Managers across over 150 Funds, with a total worth of £16bn AuM.

With the implementation of Temenos Multifonds, Valu-Trac can introduce automated workflows with exception-based management, significantly enhancing the efficiency of its fund operations. NAV workflow dashboards will facilitate real-time visibility of potential challenges, enabling prompt resolutions. Moreover, Valu-Trac will be able to swiftly respond to changing regulatory requirements and client requests with customizable reports.

Jonathan Child, Fund Operations Director, Valu-Trac, commented, “Temenos Multifonds’ comprehensive functionality and proven success in large-scale fund migrations made it the clear choice. With Multifonds, we can accelerate our digital transformation, better serve existing clients, and attract new ones. As a SaaS solution, it also ensures we always have the latest capabilities, top-tier security, and reduce IT operational concerns.”

Oded Weiss, Managing Director, Temenos Multifonds, said, “We are proud to welcome Valu-Trac as a new member of the Multifonds community, marking our continued strategic commitment to the UK retail investment funds administration market. As a SaaS client, it is well positioned for future growth by leveraging Multifonds across its comprehensive suite of middle, back office, and transfer agency services. Valu-Trac’s expertise and intimate, end-to-end knowledge of the UK market, combined with Multifond’s industrial level of automation, controls and data quality, will give Valu-Trak and its clients the robust foundation needed to grow and evolve successfully.”