Fund Management System

Find the right fund management system for your business

In fund management, companies have to track the life-cycle of an investment from end to end. The life-cycle of an investment involves a lot of administrative tasks that may be repetitive and onerous. Wherever such tasks are involved, there is bound to be a high risk of error and the need to keep track of where the various investments are going.

A fund manager allows for a means of managing these tasks and keeping track of funds and investments in a centrally managed software system. This provides for ease of access and allows business to be conducted with minimal risk of error. Traditional systems have banked only upon the expertise of Excel experts to manage these in the past. Today, technology has evolved such that Excel data can be embedded in fund management software while not being the sole means of viewing this information. Funds management software can also provide single screen viewing of funds information in a series of clicks while allowing for greater security and interactivity.

Fund Management System

Funds management software today allows users to calculate net asset value for different types of funds, which is critical to funds management. An effective funds manager also enables users to keep records, maintain funds administration and generate reports instantly. Funds management business can be tedious to the discerning funds manager, as it involves keeping a track of regulatory changes, net asset value calculations based on various currencies and portfolios. The right fund manager software can help you stay on track of all of these various aspects.

Fund asset management for Islamic banking tends to be different from the standard banking standards. The right fund management software will incorporate this within the product so as to keep a track of the Islamic banking regulations, make allowances for certain product values based on the Islamic calendar and even generate reports in languages specific to this region.

Funds manager software has the following key features:

  • Track portfolios devised for international markets
  • Manage different types of reports for diverse data
  • Account for investments and cash outflows
  • Check performance of funds online
  • Evaluate risks and make decisions in real time
  • Computerized office operations and analysis
  • Ability to juggle client relationships and allow for custom report generation

Ease of use and security are the main features that a fund management business should look for in a fund manager. Since we are dealing with financial data that is critical to the business, it is important to ensure that the data is secure from cyber attackers. Funds management needs to be done instantly and so the data needs to be as accessible as possible, without requiring too much time to be devoted towards training a funds manager to use the software.

Which type of fund management software have you found to be the best for your business? Are the features listed here the kind that you also typically look for in the right software solution? Do let me know by writing in the comments section.

If you liked this article please do it with your peers in your social network who might be looking for something similar.