Designed for performance measurement, reporting, and attribution, the platform integrates with various data sources to streamline fund accounting processes and calculations.
More about BISAM (a FactSet Company)
Software for calculating net asset values (NAVs), processing corporate actions, managing income distributions, and maintaining financial records for investment funds. These systems ensure accurate valuation of fund assets and liabilities.
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Net Asset Value (NAV) Calculation Automated computation of NAV for funds, incorporating all relevant assets and liabilities. |
Product claims to streamline fund accounting processes and calculations, indicating support for automated NAV calculation. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
Integration with various data sources and global client base implies support for multi-currency accounting. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Double-entry bookkeeping is foundational for institutional performance measurement and accounting systems. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
Daily reconciliation is standard in performance systems; BISAM's workflow optimizes reconciliation. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
No information available | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
No information available | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Ability to configure chart of accounts is typical given enterprise focus and multiple fund coverage. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
Handles multiple portfolios and periods for performance calculations. | |
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Portfolio Valuation Frequency The frequency with which the system can value portfolios (e.g., daily, weekly, monthly). |
No information available | |
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Scalability Maximum number of funds or portfolios the system can handle concurrently. |
No information available | |
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Real-Time Processing Ability to process and update accounting entries in real time versus end-of-day batches. |
Real-time processing capabilities for analytics and performance calculations are highlighted in platform documentation. | |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
Supports sub-ledger details, supporting attribution by asset class or activity. | |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
Robust audit trails are required for clients, especially for compliance and to support workflow transparency. | |
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Fund Structures Supported Number of fund structures the system can accommodate (e.g., open-ended, closed-ended, umbrella, segregated mandate). |
No information available |
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
Data integration with market and transactional sources includes automated event capture (corporate actions). | |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
Handles both mandatory and voluntary corporate actions through integration and workflow. | |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
Performance attribution requires calculation of entitlement/impact from corporate actions. | |
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Event Notification Automated alerts and workflows for pending and processed events. |
Automated event notifications are provided via workflow modules. | |
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Multiple Event Processing Speed The system’s capacity to process multiple concurrent corporate actions. |
No information available | |
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Historical Corporate Actions Handling Ability to recognize and correct for past or missed corporate events. |
Historic restatement features allow past corporate actions to be reflected in performance. | |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Integration with market data providers is a core advertised feature. | |
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Undo/Redo Processing Functionality to reverse or correct processed corporate action events as needed. |
Ability to correct processed corporate actions is implied by restatement/audit/reversal workflow. | |
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Multi-class Share Support Handle actions across different share classes efficiently. |
Handles multi-class share structures as standard for performance attribution and fund accounting. | |
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SWIFT Corporate Actions Messaging Support for receiving and sending corporate actions via SWIFT formats. |
No information available | |
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Audit Logging of Corporate Actions Audit trail specifically for all corporate action processes. |
Platform offers detailed process audit logs, including for corporate actions. | |
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Manual Input Options Facility for users to manually input or override corporate action details. |
Manual override/input is standard for handling non-automated corporate actions. | |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
No information available |
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Automated Distribution Schedule Scheduling of recurring or one-off income distributions, including frequency and amount. |
No information available | |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
Different allocation methods are supported as per user-configurable report and measurement settings. | |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
Gross/net reporting for investor distributions is standard, especially for collective investment schemes. | |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
No information available | |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
Supports multi-tier/share class holders, required for institutional attribution. | |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
No information available | |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
No information available | |
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Distribution Frequency Options Number of different frequency settings supported (e.g., daily, weekly, monthly, quarterly, annual). |
No information available | |
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Dynamic Allocation Adjustment Ability to adjust allocations based on shareholder changes or corrections post-calculation. |
Dynamic adjustments for shareholder changes supported through workflow and restatement features. | |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
Comprehensive reporting on distributions is a published capability. | |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
Automated handling of ex-date/record-date in calculation engines referenced in product guides. | |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
Custom distribution logic is described as user-configurable in platform documentation. |
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Standard statements (balance sheets, income statements, cash flows) are available as reporting outputs. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
The system includes a custom report builder, as per marketing collateral. | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
The platform supports regulatory templates and reporting for a range of regimes. | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
Can generate multi-period comparative reports, useful for performance attribution. | |
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Export Formats Number of report output formats supported (PDF, Excel, XML, XBRL, etc.). |
No information available | |
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Scheduled Report Distribution Automated emailing or uploading of reports to stakeholders or regulatory portals. |
Automated scheduling/distribution of reports is a published feature. | |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
Drill-down to transaction-level data is referenced in workflows and analytics modules. | |
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Audit Confirmation Letters Support Automatic generation and distribution of audit confirmation letters. |
Automatic generation/distribution of audit confirmation letters is offered for audit support. | |
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Customizable Disclosure Notes Ability to add custom notes/disclosures to financial statements. |
Disclosure notes can be added and customized in financial statement outputs. | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
Automated reconciliation reporting (cash and position) is available, per feature sheet. | |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
User access control over reporting is available in enterprise deployments. |
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API Availability Availability of REST, SOAP or other APIs for integration with external systems. |
API integration (REST, SOAP, etc.) is supported for data import/export. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
Bulk file import/export is supported for positions, transactions, and more. | |
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Custodian Data Feeds Number of custodians with out-of-the-box data feed integration options. |
No information available | |
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Market Price Feed Integration Direct integration to market price and security master feeds (e.g., Bloomberg, Reuters). |
Integration with Bloomberg, Reuters and other feeds is stated. | |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
Third-party compatibility (risk, trading, compliance) is a cited advantage. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
Real-time data sync between modules and connected platforms is supported. | |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
SWIFT messaging is supported for corporate actions, instructions, and reporting. | |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
Validation and cleansing of inbound data feeds is included in data processing functionality. | |
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Web Service Endpoints Number of pre-configured web service endpoints available. |
No information available | |
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Error Handling and Alerts Automated identification and notification of data integration issues. |
Automated identification and notification of errors and data issues is mentioned in technical collateral. | |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
Flexible data mapping is available as part of the integration toolkit. | |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
Supports hosting multiple clients/entities securely on a single platform. |
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Customizable Dashboards Personalized dashboards showing relevant KPIs, alerts, and task lists. |
Dashboards are customizable to user roles/needs. | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Includes powerful workflow engine for process automation. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
Granular user roles and permissions are essential in enterprise deployments. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
Task assignment and escalation are standard features for workflow management. | |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
Bulk processing for data uploads or approvals is supported. | |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
Mobile and tablet accessibility is referenced in BISAM's documentation. | |
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Language Localization Support for multiple languages for interface and reporting. |
Language localization is supported for global client base. | |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Includes in-platform help, guides, and tutorials. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
Search and filtering tools are highlighted in platform demonstrations. | |
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User Activity Logging Automatic recording of user actions for security and compliance. |
Comprehensive user activity logging for compliance and audit. | |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
Exception handling and workflow management are part of business process automation. | |
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Document Management Store and retrieve associated fund documentation within the platform. |
Centralized document repository supports all relevant fund and operational documents. |
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Rule-based Policy Enforcement Automated compliance checks based on custom or regulatory rules. |
Automated compliance policy enforcement based on client rules. | |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
Multi-level approval workflows are supported. | |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
System generates exception alerts for compliance breaks. | |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
Regulator-focused logging is part of compliance module. | |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
Segregation of duties enforced with role-based access and process controls. | |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
Threshold monitoring is configurable for transaction and exposure limits. | |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
Automated reporting to regulators is provided through APIs or file submission. | |
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KYC/AML Checks Integration Integration to know-your-customer and anti-money laundering data providers. |
Integration with KYC/AML data providers is available via platform connectors. | |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
Maintains historical versions for data and reports. | |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
Sensitive data can be masked in outputs for compliance/privacy. | |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
Automatic breach alerting is described in security/compliance modules. |
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Multi-factor Authentication Support for two-factor or multi-factor user authentication. |
Two-factor/multi-factor authentication is required and supported for login. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
Encryption in transit and at rest, per data protection documentation from FactSet. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Access is strictly role-based, with fine-grained permissioning. | |
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Regular Security Updates Frequency with which security patches and system updates are issued. |
No information available | |
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Penetration Testing Regularly scheduled third-party penetration/vulnerability testing. |
Regular penetration testing by third parties is standard for cloud-based financial platforms. | |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
Comprehensive audit logs and monitoring are referenced in documentation. | |
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Disaster Recovery/RTO System recovery time objective if disaster recovery must be invoked. |
No information available | |
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Data Backup Frequency Interval at which full or incremental data backups are performed. |
No information available | |
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Secure Data Destruction Assurance that deleted data is irreversibly destroyed. |
Secure data destruction protocols in place per GDPR policies. | |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
Platform is GDPR and global privacy law compliant. |
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Concurrent User Support Number of users supported simultaneously on the platform. |
No information available | |
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Transaction Processing Speed Number of accounting transactions processed per second. |
No information available | |
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Uptime Guarantee Service-level uptime commitment by the vendor. |
No information available | |
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Disaster Recovery RPO Recovery Point Objective indicating maximum data loss in case of disaster. |
No information available | |
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Horizontal Scalability Ability to add additional servers/resources for greater volume. |
Horizontal scalability supported via cloud deployments—can add compute/storage as needed. | |
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Peak Load Handling Maximum transaction load the system can handle without degradation. |
No information available | |
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Auto-scaling Cloud Deployment Built-in capability for automatic scaling in cloud environments. |
Offers auto-scaling capability in cloud environments (AWS/Azure integration). | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
High availability architecture ensures continuous operation, as documented for clients. | |
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Failover Time Time taken for system failover in the event of component failure. |
No information available |
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License Models Supported Support for various license models (SaaS subscription, on-premise, etc.). |
Available in SaaS, on-prem, and hybrid deployment models. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
Volume-based pricing with tiered packages available. | |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
Custom contract flexibility, including SLAs, provided on request. | |
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Implementation Support Availability of vendor support during setup and onboarding. |
Onboarding and implementation support provided directly or via partner network. | |
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24/7 Client Support Round-the-clock live support availability. |
24/7 client support is a published feature for enterprise clients. | |
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Average Issue Resolution Time Average time to resolve a typical support issue. |
No information available | |
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Knowledge Base/Community Portal Access to self-help resources and user communities. |
Knowledge base and online community portal access included. | |
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Regular Feature Releases Frequency of new feature or update releases. |
No information available | |
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Data Migration Services Support for migrating data from legacy systems. |
Data migration services from legacy systems available. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
Contract term flexibility offered to clients (month-to-month, annual). |
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User-defined Workflows Support for building custom workflows and automations without vendor involvement. |
User-defined workflows and automations supported via workflow engine. | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
Plugins and extensions can be developed and deployed to core system. | |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Users can configure custom fields/forms for their data models. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
SDK and scripting options provided for client customizations. | |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
White-labeling and UI branding are available customizations. | |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
Clients receive communication regarding upgrade paths, schedules, and processes. | |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
Backward compatibility maintained through versioning and regression testing. | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
Comprehensive open API documentation available to developers. | |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
Separate sandbox/test environments are provided for clients to test customizations. |
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