Portfolio and Operations managers will particularly appreciate the new Portfolio Reconciliation tools to reconcile their portfolio(s) with custodians and/or administrators. Either using the "Basic" reconcile mode for manual reconciliation with portfolio statements, or the "Automatic" mode to download and merge reconciliation files from custodians, administrators and/or internal systems via SFTP/FTP, CSV, etc. A number of interfaces have been set up with reconciliation files from various custodians and administrators and more will be added based on clients' needs/priorities.
GENEVA, April 28, 2022 /PRNewswire-PRWeb/ -- FinLab is pleased to announce the release of PackHedge™ v.6.0 which provides many new features and enhanced functionalities.
Portfolio and Operations managers will particularly appreciate the new Portfolio Reconciliation tools to reconcile their portfolio(s) with custodians and/or administrators. Either using the "Basic" reconcile mode for manual reconciliation with portfolio statements, or the "Automatic" mode to download and merge reconciliation files from custodians, administrators and/or internal systems via SFTP/FTP, CSV, etc. A number of interfaces have been set up with reconciliation files from various custodians and administrators and more will be added based on clients' needs/priorities.
"Completing and tracking reconciliation of portfolio(s) with custodians and/or administrators can be a cumbersome, time-consuming and error prone process, particularly across multiple portfolios with mixed asset types. Our solution PackHedge™ now provides a comprehensive set of tools to streamline, improve accuracy, reduce workload and raise the visibility of the Reconciliation processes." FinLab's CEO, Denis de Pentheny O'Kelly stated, "The Reconciliation functionalities are a real value-added addition for Family Offices, Managed Accounts and other Portfolio Managers who use our Advanced Portfolio shadow accounting tools to manage portfolios with mixed asset types, such as Equities, Bonds, Options, Futures, Commodities, Hedge Funds, Private Equity Funds, Mutual Funds, Crypto Currencies, Real Estate, Art Collections, etc."
Easy to use tools are provided to set up the matching between accounts and positions between the imported reconciliation files and the Portfolio(s) which is also assisted by Automatic matching based on ISIN, Bloomberg, or other codes and transaction IDs. Once matched, only new accounts/positions need to be matched at each subsequent reconciliation period. Multiple custodians and/or administrators can be match to a single or multiple portfolios. Clients can customize the columns they wish to display in the reconciliation mode, for example: Custodian Price, Portfolio Price, Custodian Shares, Portfolio Shares, Custodian Position, Portfolio Position, Delta Position, Reconciliation Flag, Reconciliation Notes, etc.
Many other enhancements have been added to the portfolio management tools, such as, substantial performance improvements and search dialogue functions on most tabs/windows.
Various other key features of this release of PackHedge™ v.6.0 include: The Look & Feel of PackHedge™ has been updated to the latest modern standards and enhanced to make the visual user interface more ergonomic for users with lighter and larger themes. New native mode object types which provide for specific details and behaviors relating to each object type for Equities, Bonds, Options, Futures and Commodities. Custom Object types can still be used for all other types of investment vehicles, for example: Art Collection, Classic Cars, Start-Ups, etc. The PackHedge™ custom reporting tool Screen & Report can now also output CSV files, in addition to the existing Excel, PDF and HTML files.
About FinLab
FinLab Solutions SA is a software solutions company founded in 1999 and headquartered in Geneva, Switzerland. The company develops, distributes and supports one of the world's most advanced investment industry solutions for asset managers across the globe, empowering quantitative and qualitative research and analysis, asset allocation, portfolio construction, portfolio management and financial innovation across the full range of asset types including; Alternative/Hedge funds, Private Equity funds, Mutual/Traditional funds, Equities, Bonds, Futures, Options, Commodities and many other investment instruments (UCITS, ETF, Real Estate, Forwards, Currencies, Art Collections, etc.).
The company's solution PackHedge™, provides a series of state-of-the-art modular software tools in a single fully integrated platform that includes: unmatched asset allocation, portfolio construction and management tools for complete proforma portfolio simulation and/or comprehensive portfolio shadow accounting for mixed asset portfolios, managed accounts or funds of funds, with automated and/or manual reconciliation with custodians and/or administrators, liquidity ladder and cash flow forecasting/analysis, contribution analysis, attribution analysis and exposure analysis. PackHedge™ offers the most advanced analytical tools including: stress testing, factor analysis, scenario analysis, sensitivity analysis, exposure analysis, contribution and attribution analysis, portfolio optimization, style analysis, peer group analysis, extensive risk analysis and statistics, PCA (principal component analysis), cluster analysis, etc. As well as, comprehensive qualitative tools covering; CRM (client relationship management), due diligence, compliance, KYC (know your customer) Outlook synchronization, document management, Mail Robot, workflow management tools including setting limits and alarms, custom fields and much more.
PackHedge™ is built on a unique and powerful multi-source, multi-currency, multi-frequency qualitative and quantitative data management model. PackHedge™ includes true data aggregation, extensive statistical analysis and charting, a multi-dimensional query engine, and an extremely flexible, easy to use and powerful custom reporting and batch report production capabilities. In addition, tools to manage time series imports, customizable due diligence questionnaires, transactions, etc. are provided to ensure full data integrity.
For more information, please visit FinLab's web site http://www.finlab.com or please contact:
FinLab Solutions SA, 11 Rue Maunoir, CH-1207 Geneva, Switzerland.
Denis de Pentheny O'Kelly: +41-22-548-0027 or +1-302-468-6927 or [email protected]
Media Contact
Denis de Pentheny O'Kelly, FinLab Solutions SA, 41 22 548 0027, [email protected]
SOURCE FinLab Solutions SA
Share this article