Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced significant enhancements to its web portal facility for its Linedata Admin Edge platform. These enhancements focus on data control, reconciliation and creating ad-hoc user-defined views.
The enhanced web functionality, powered by Linedata Reporting, fuses secure access to real-time data with sophisticated presentation capabilities, enabling users to create customized reports and view them securely, in a number of different formats and on a wide variety of devices, including tablets and smartphones. This development offers enhanced operational efficiency for users, delivering information faster, enabling better informed decision-making, lowering risk and improving the day-to-day running of the fund accounting function.
Earlier this year, Linedata announced the first stage of its web portal functionality, where investors could access fund information and reports and also carry out order entry securely via mobile devices. Since this functionality has been received enthusiastically by the marketplace, it has been extended to core fund accounting activity, meaning that any number of different fund accounting reports and views can be easily created and viewed on networked and mobile devices. Initial feedback is that this extended web portal functionality improves workflows, assists with reconciliation and expands access to key information across the company and to third parties, all without compromising the operation of the core underlying Linedata Admin Edge fund accounting.
Thierry Soret, Head of Back Office Asset Management at Linedata commented, “Linedata’s expanded web portal functionality has enabled us to take fund accounting reporting to the next level. By being able to create a wide variety of reports, both standard and customized, and distribute them via the web, we are giving clients a greater ability to look at core data more immediately in many different ways and in a wide variety of formats. Reports can be created faster and distributed wider without compromising core fund accounting activity. This inevitably leads to greater efficiency for our clients, a better understanding of key metrics across the firm, greater cost effectiveness and lower operational risk.”