Valu-Trac Partners with Temenos for Enhanced Fund Management
Today, Valu-Trac Investment Management Limited, a prominent player in the management sector, has chosen Temenos Multifonds SaaS to significantly advance its Fund Administration and Transfer Agency services. This strategic decision reflects Valu-Trac's commitment to improving operational efficiencies and delivering superior client service in the competitive UK investment landscape.
Transforming Operations with Temenos Multifonds
By transitioning from their previous on-premise systems to the complete Temenos Multifonds Global Accounting and Global Investor solutions, Valu-Trac is poised to transform its operational framework. This innovative shift is designed to optimize operational effectiveness through automation on a singular platform, thus empowering Valu-Trac’s management and collective fund shareholders.
Comprehensive Services Offered
Valu-Trac is recognized for its extensive range of services, which includes Investment Management and Support, as well as Authorized Corporate Director (ACD) and Fund Operations. Serving around 45 Sponsors and Investment Managers across more than 150 funds, Valu-Trac oversees assets worth a remarkable £16 billion. Their main focus remains on UK Open-Ended Investment Companies (OEICs) and Non-UCITS Retail Schemes (NURs).
Boosting Efficiency through Automation
With Temenos Multifonds implementation, Valu-Trac can now adopt automated workflows that pivot on exception-based management. This crucial upgrade will not only enhance fund operations efficiency but also provide real-time insights into potential challenges, facilitating swift resolutions via NAV workflow dashboards. The ability to quickly adapt to changing regulations and tailor reports to meet client demands will significantly enrich the service experience.
Infrastructure Improvement with SaaS
Utilizing a SaaS model is deemed vital for Valu-Trac’s strategic growth. The robust and resilient infrastructure supports streamlined operations, mitigates risks, and fosters a reliable environment for NAV distributions. The integration of Temenos’ cloud technology, complemented by an API-first approach, allows seamless interaction with both internal and external systems.
Valu-Trac’s Future Focus
Jonathan Child, the Fund Operations Director at Valu-Trac, emphasized the importance of this initiative, stating that Temenos Multifonds stood out as the most suitable solution to fulfill both their current and future operational requirements. With Multifonds, Valu-Trac is prepared to expedite its digital transformation efforts, serving existing clients with enhanced capabilities while attracting new ones. The SaaS platform promises to deliver ongoing updates, premium security, and alleviates IT operational burdens.
Commitment from Temenos
Oded Weiss, Managing Director at Temenos Multifonds, highlighted the significance of integrating Valu-Trac into their community. This partnership underscores Temenos's commitment to elevating the UK retail investment funds administration market. By leveraging Multifonds, Valu-Trac is strategically positioned for growth, supported by the combination of their deep market knowledge and Multifonds’ advanced automation capabilities that ensure high levels of data quality and control.
About Temenos
Temenos (SIX: TEMN) stands as a leading global platform for banking, serving over 150 countries with innovative banking services. Banks utilizing Temenos's software enjoy notably lower cost-income ratios, double the returns on equity compared to industry averages, and significantly increased spending on growth and innovation. Temenos helps financial institutions realize their full potential through cutting-edge solutions in a rapidly evolving market.
Frequently Asked Questions
What does the partnership between Valu-Trac and Temenos entail?
The partnership focuses on implementing Temenos Multifonds SaaS to enhance Valu-Trac’s fund administration and transfer agency services through automation and improved operational efficiency.
How will the new system benefit Valu-Trac?
With the new system, Valu-Trac expects to optimize efficiency, improve client servicing through real-time insights, and streamline operations with automated workflows.
What types of funds does Valu-Trac manage?
Valu-Trac primarily manages UK Open-Ended Investment Companies (OEICs) and Non-UCITS Retail Schemes (NURs), overseeing a diverse portfolio of funds.
Why is SaaS important for Valu-Trac’s business?
SaaS offers a robust infrastructure that supports growth, mitigates risk, provides constant updates, and enhances the customer experience through reliable service delivery.
What are the main advantages of using Temenos Multifonds?
Temenos Multifonds provides comprehensive functionality for fund migrations, real-time visibility, enhanced automation, and strong compliance support, making it an ideal choice for modern fund management.
