Reconciliation

Many determinants, more or less easy to trace, have a direct impact on the total Net Asset Value (NAV) of a fund or an investment portfolio. Asset managers are charged with the onerous task of keeping hundreds and hundreds of lines of data points and variables under control, most often on a daily basis.

Depowise features a NAV reconciliation tool that lifts this burden off the fund manager, automating routine tasks and ensuring information accuracy.

In a highly customisable software environment, users can focus on designing investment strategies and make savvy asset allocation choices. All the while, we smoothly take care of the tedious work in the background, notifying you when your skills are actually required.

Automated reconciliation in 2 seconds

Might sound too good to be real, but that is how long it takes – at least when the process is automated. In the background, Depowise runs all the necessary checks to make sure that the numbers match as they should.

The calculated net asset value accounts for all sub-tasks and relevant components of the fund, from securities and derivatives to cash quotas, liabilities, and more. The software allows you to always keep a fund’s NAV under control, incorporating the impact of all operations carried out and giving back an accurate picture of the results of your activities.

We detect the problem, you find the solution

Fund and asset managers should focus on strategy and operations with unique, high business value. But they can do so only when vital resources are not exhausted ongoing through lines and lines of data points, losing sight (literally) while searching for errors and mismatches.

Depowise systematically finds all mistakes and discrepancies in your numbers, if any. Even when these pertain to institutional or fund-specific rule breaches, we notify you on what is wrong. Then, asset managers deploy their expertise to find a solution. In this way, you can concentrate on those activities where your help is most needed. Let the software take care of seeking the needle in the haystack.

Auditing and compliance made easy

By harmonizing the information entered in the software, and automatically checked by it, Depowise bridges a communication gap between management and auditing activities. The rules are set and lined out – compliance should not be a stressful, nerve-racking task.

A secure audit trail allows operators and auditors to keep track of everything that takes place within the software environment. Logs are the documental evidence of users’ activities. Complying with the prescribed set of rules, or checking previous operations, has never been easier.

A data warehouse based on accuracy and reliability

Total and per-share net asset values change continuously. Some may find appealing to look at them day by day, as stock exchanges close. But why would asset managers have to do that, when share prices can be gathered automatically from prominent, trusted sources?

Collecting data from the likes of Bloomberg and Reuters, our NAV reconciliation tool is always up to date with the latest information on share prices in the public market. And in the case of funds managing alternative investments, such as commodities, you can integrate the relevant data yourself. No matter the asset typology, everything is taken into consideration.

Don’t lose management fees on tiny mistakes

Fund management commissions can be based on percentages of the administered NAV. Human error is common, no one says it is not meant to happen. The question is: do you really have to miss on profits because of common mistakes?

We do not think so, and neither do you. When NAV reconciliation is automated and asset managers can concentrate on choosing the best investment tactics, you safeguard your own interests too. An automated tool that runs all checks in the background allows you to easily spot eventual shortcomings, and tackle them promptly to protect the fees you deserve for the hard efforts made.