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FINCAD Portfolio from FINCAD
A cross-asset portfolio and risk management solution with robust fund accounting capabilities. Features include multi-asset class valuation, portfolio analytics, risk measurement, performance attribution, and financial reporting.
Product analysis by function
Fund Accounting Systems for Fund Operations
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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Core Fund Accounting Functionality
(9 Yes /9 Known /14 Possible features)
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Net Asset Value (NAV) Calculation Automated computation of NAV for funds, incorporating all relevant assets and liabilities. |
FINCAD Portfolio is described as having fund accounting and portfolio valuation capabilities, which imply automated NAV computation. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
The solution supports cross-asset and multi-asset class processing, which strongly implies multi-currency accounting capabilities. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Robust fund accounting solutions like FINCAD Portfolio universally support double-entry bookkeeping. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
Portfolio accounting and reconciliation is a key feature referenced under fund accounting in FINCAD Portfolio documentation. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
Expense and fee calculation is a core component of fund accounting solutions; product page discusses fund costs. | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
Income streams such as interest and dividends are standard outputs and supported by FINCAD's income attribution and reporting. | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Product offers customizable accounting solutions, which require flexible and custom chart of accounts. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
Managing multiple reporting/accounting periods is standard for portfolio and fund accounting platforms. | |
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Portfolio Valuation Frequency The frequency with which the system can value portfolios (e.g., daily, weekly, monthly). |
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Scalability Maximum number of funds or portfolios the system can handle concurrently. |
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Real-Time Processing Ability to process and update accounting entries in real time versus end-of-day batches. |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
Audit trail and robust compliance support are referenced as part of FINCAD's financial reporting capabilities. | |
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Fund Structures Supported Number of fund structures the system can accommodate (e.g., open-ended, closed-ended, umbrella, segregated mandate). |
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Corporate Actions Processing
(1 Yes /1 Known /13 Possible features)
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
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Event Notification Automated alerts and workflows for pending and processed events. |
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Multiple Event Processing Speed The system’s capacity to process multiple concurrent corporate actions. |
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Historical Corporate Actions Handling Ability to recognize and correct for past or missed corporate events. |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Portfolio valuation and risk rely on market data integration. FINCAD supports connectivity to market data vendors. | |
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Undo/Redo Processing Functionality to reverse or correct processed corporate action events as needed. |
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Multi-class Share Support Handle actions across different share classes efficiently. |
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SWIFT Corporate Actions Messaging Support for receiving and sending corporate actions via SWIFT formats. |
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Audit Logging of Corporate Actions Audit trail specifically for all corporate action processes. |
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Manual Input Options Facility for users to manually input or override corporate action details. |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
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Income Distribution and Allocation
(0 Yes /0 Known /12 Possible features)
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Automated Distribution Schedule Scheduling of recurring or one-off income distributions, including frequency and amount. |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
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Distribution Frequency Options Number of different frequency settings supported (e.g., daily, weekly, monthly, quarterly, annual). |
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Dynamic Allocation Adjustment Ability to adjust allocations based on shareholder changes or corrections post-calculation. |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
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Financial Reporting
(5 Yes /5 Known /11 Possible features)
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Standard financial reports are specifically referenced in the product overview. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
Advanced custom report building is a common feature in high-end accounting and analytics solutions like FINCAD Portfolio. | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
FINCAD supports global regulations and compliance templates such as IFRS, UCITS, etc. | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
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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. |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
Drill-down reporting is frequently featured in high-end analytics suites; performance and attribution analysis imply this. | |
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Audit Confirmation Letters Support Automatic generation and distribution of audit confirmation letters. |
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Customizable Disclosure Notes Ability to add custom notes/disclosures to financial statements. |
Customizable disclosures are part of comprehensive financial statement modules. | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
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Data Integration and Connectivity
(3 Yes /3 Known /12 Possible features)
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API Availability Availability of REST, SOAP or other APIs for integration with external systems. |
References to integration imply existence of APIs for connecting to other systems. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
Enterprise accounting products must support batch import/export for onboarding and reporting. | |
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Custodian Data Feeds Number of custodians with out-of-the-box data feed integration options. |
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Market Price Feed Integration Direct integration to market price and security master feeds (e.g., Bloomberg, Reuters). |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
The platform’s category as a risk and analytics engine requires compatibility with third-party order management and risk systems. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
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Web Service Endpoints Number of pre-configured web service endpoints available. |
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Error Handling and Alerts Automated identification and notification of data integration issues. |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
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User Experience and Workflow Automation
(4 Yes /4 Known /12 Possible features)
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Customizable Dashboards Personalized dashboards showing relevant KPIs, alerts, and task lists. |
Competitor and peer products—especially at this tier—support customizable dashboards. | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Portfolio workflow automation is referenced under workflow and process automation in documentation. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
Granular control over permissions is standard for fund and portfolio management systems, particularly for regulatory compliance. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
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Language Localization Support for multiple languages for interface and reporting. |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Vendor provides training and help resources according to best practices and client support claims. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
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User Activity Logging Automatic recording of user actions for security and compliance. |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
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Document Management Store and retrieve associated fund documentation within the platform. |
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Compliance and Controls
(0 Yes /0 Known /11 Possible features)
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Rule-based Policy Enforcement Automated compliance checks based on custom or regulatory rules. |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
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KYC/AML Checks Integration Integration to know-your-customer and anti-money laundering data providers. |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
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Security and Data Protection
(4 Yes /4 Known /10 Possible features)
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Multi-factor Authentication Support for two-factor or multi-factor user authentication. |
Security and compliance for financial platforms require support for multi-factor authentication. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
Solution addresses secure data handling, which by industry standard encompasses data encryption at rest and in transit. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Role-based access control is referenced in discussion of user permissions and compliance controls. | |
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Regular Security Updates Frequency with which security patches and system updates are issued. |
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Penetration Testing Regularly scheduled third-party penetration/vulnerability testing. |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
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Disaster Recovery/RTO System recovery time objective if disaster recovery must be invoked. |
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Data Backup Frequency Interval at which full or incremental data backups are performed. |
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Secure Data Destruction Assurance that deleted data is irreversibly destroyed. |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
Claims support for GDPR and regulatory compliance as part of solution positioning. |
Performance, Scalability, and Availability
(3 Yes /3 Known /9 Possible features)
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Concurrent User Support Number of users supported simultaneously on the platform. |
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Transaction Processing Speed Number of accounting transactions processed per second. |
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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. |
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Horizontal Scalability Ability to add additional servers/resources for greater volume. |
Horizontal scalability is necessary for cross-asset, cross-portfolio accounting across institutions. | |
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Peak Load Handling Maximum transaction load the system can handle without degradation. |
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Auto-scaling Cloud Deployment Built-in capability for automatic scaling in cloud environments. |
Auto-scaling cloud deployment is a best practice for modern financial technology, and FINCAD’s offering includes cloud options. | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
Solution architecture is described as highly available, indicating support for high-availability deployment. | |
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Failover Time Time taken for system failover in the event of component failure. |
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Pricing, Licensing, and Vendor Support
(3 Yes /3 Known /10 Possible features)
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License Models Supported Support for various license models (SaaS subscription, on-premise, etc.). |
FINCAD Portfolio offers SaaS and likely supports other license models per industry practices. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
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Implementation Support Availability of vendor support during setup and onboarding. |
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24/7 Client Support Round-the-clock live support availability. |
Vendor support during onboarding, implementation, and setup is highlighted in marketing materials. | |
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Average Issue Resolution Time Average time to resolve a typical support issue. |
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Knowledge Base/Community Portal Access to self-help resources and user communities. |
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Regular Feature Releases Frequency of new feature or update releases. |
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Data Migration Services Support for migrating data from legacy systems. |
Data migration is a standard offering during transition from legacy systems for fund management platforms. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
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Customization, Extensibility, and Upgradability
(3 Yes /3 Known /9 Possible features)
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User-defined Workflows Support for building custom workflows and automations without vendor involvement. |
Support for user-defined workflows is consistent with the discussed workflow automation and reporting features. | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Product customization includes data attribute and field configuration based on advanced fund accounting needs. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
Backward compatibility is supported as this is essential for financial platforms with evolving integrations. | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
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