Shortlisted for Funds Europe and Custody Risk awards
Milestone Group, the specialist provider of optimized fund processing solutions to the global funds industry, has been shortlisted for two of the industry’s most prestigious awards: Funds Europe and Custody Risk Europe. For Funds Europe, Milestone Group is vying for the position of Best Back Office Technology Vendor, and in Custody Risk it is contesting the position of European Technology Vendor of the Year.
In both cases, Milestone Group’s nomination is based on its flagship solution, pControl, which transforms fund accounting by automating disparate and complex processes on a single platform. In this way, it provides the transparency and flexibility required to service today’s increasingly complex fund product structures and support operational challenges of regulatory demands. The product’s capabilities span fund processing, fund oversight, fund distribution, tax and accounting and investment analytics.
Milestone Group has made a number of developments to pControl in recent months. It has introduced Box Management functionality, which uniquely addresses the complexities faced by UK Life companies in allocating cash in an interfunded structure. It has also made enhancements to Fee and Rebate Management, Tax and Accounting and has expanded the NAV Control module to integrate with analytics for day-on-day NAV movement performance, statistics and charting.
Geoff Hodge, CEO of Milestone Group commented: “We are delighted to have the sustained investment in, and development of, pControl recognised in this way. Increasing demands from regulators and investors for transparency and granularity across the funds industry increase the importance of establishing a robust and efficient solution. Against this backdrop, and as the structure of fund products becomes increasingly complex, firms are finding pControl’s ability to support multiple mission-critical functions on one platform ever more compelling.”