Multifonds, a leader in single-platform, multi-jurisdictional investment fund software, is delighted to announce it has won Best Portfolio Accounting Platform category at the Waters Technology 2012 Buy-Side Technology Awards.
Announced during a prestigious awards event at One Whitehall Place, the 6th annual Buy-Side Technology Awards recognize the leading technologies and vendors in their area of expertise.
Oded Weiss, Multifonds CEO, said: “We are proud that the Multifonds platform has been recognized by Waters Buy-Side Technology. It is testament to our on-going commitment to providing the best investment accounting platform to our clients helping them to improve operational efficiencies and to win new mandates.”
Multifonds approach to portfolio accounting is unique in that it combines the Investment Book of Records (IBOR) and Accounting Book of Records (ABOR) on a common platform sharing the same static data and providing start of day position and real time cash flow projection capabilities. The platform handles all the major asset classes across both alternative and traditional funds, including multiple tax methods, accounting methods and fund structures.
Multifonds unique architecture completely eliminates the need for duplicate accounting and dramatically reduces reconciliation efforts. In order to further improve efficiency, Multifonds has enhanced the platform in the last year with the addition of a full workflow and exception management tool to provide a strict control environment.
Oded Weiss continued “Today, we are the only provider that combines the IBOR and complete multi-jurisdiction ABOR capabilities on a single common platform and this award recognizes our leadership position in the market place.”
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