With the inception of the partnership in 2017, Systemic and CF Fund Services embarked on a transformative journey aimed at redefining the landscape of Alternative Investment Funds (AIFs) administration. The deployment of a multifaceted software solution encompassing critical functions such as fund accounting, investor registry operations, and KYC/AML procedures marked a significant milestone, ensuring meticulous compliance with CSSF regulations. Overcoming challenges such as complex data migration and system customization, the collaboration introduced groundbreaking processes that automated NAV calculation, established customized workflows for onboarding new Fund Managers, Funds, and Investors, and facilitated seamless integrations with custodians, platforms, AML databases, and data vendors. This initiative not only enhanced organizational synergy and communication but also significantly reduced time to market, setting a new standard of excellence and innovation in the industry.
Summarizing what CF Fund Services has gained:
- Fully automated procedures for funds NAV and fees policies calculation, accounting entries generation and validations according to funds prospectuses and other internal constraints.
- A customized workflow for automated onboarding process of new Fund Managers, Funds and Investors.
- Integrations with third parties including custodians, distribution platforms, AML databases and data vendors.
- Better organization and communication between multiple internal users. (i.e. customized blocking rules, internal controls, workflows, validations and warning messages)
- Time to market. Due to the flexibility and architecture of RiskValue to cover broad range of asset classes and financial instruments, any new regulatory obligation and business requirement is easily adapted without data management effort and interfaces with other databases.
