Robeco completes installation of Multifonds Fund Accounting system

Luxembourg - 25 July 2011

Robeco, a pure-play asset manager with an active investment style has gone live with Multifonds Fund Accounting system to support its fast and efficient growth into new markets.

Robeco needed a fund accounting product that provided a high degree of flexibility and a quick time to market in terms of setting up new products, coupled with the ability to incorporate legal changes quickly, and easy scalability across global geographies and jurisdictions.

After an intensive selection process, the Dutch-based manager chose Multifonds as the most flexible, cost-effective and comprehensive solution.

“Multifonds deals with various complex fund structures and instruments in a highly efficient manner,” said Volker Wytzes, Director of Robeco’s Financial Service Center. Those asset classes included equity, fixed income, cash, futures, options, interest/credit derivatives, units, complex swaps and mortgage backed securities.

The fact that Multifonds is a multi-currency, multi-lingual, real-time global system also appealed to Robeco. Given that Multifonds has a single platform that can cope with a huge variety of country-specific regulations, valuation and accounting processes, the process was also made a lot simpler for the asset manager.
Furthermore, installation could be tailored to suit the asset manager’s specific needs, such as different charts of accounts. We gained a lot in terms of the flexibility of integration with other tools and applications,” said Wytzes.

Oded Weiss, CEO of Multifonds, said: “We are delighted to be working with Robeco. We believe that the ability of our product to work across asset classes and jurisdictions, coupled with the advantage of enhanced efficiency, will help to support Robeco’s continuing growth and commitment to the highest standards of service. We look forward to continuing to work closely together in the future.”

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