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Citco Fund Services from Citco
Offers a wide range of solutions for fund accounting, reporting, and investor services, leveraging advanced technological platforms to enhance operational efficiency.
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.
More Fund Accounting Systems
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Core Fund Accounting Functionality
(11 Yes /11 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. |
Citco Fund Services offers automated NAV calculation as a core feature per product documentation and industry standard. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
Multi-currency processing is explicitly referenced for cross-border fund accounting in Citco's official materials. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Double-entry bookkeeping is a standard and required for regulated fund administrators and referenced in Citco platform descriptions. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
Citco markets full daily cash and position reconciliation with custodians and prime brokers as part of its operating controls. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
Expense accruals and automated tracking of fund expenses are cited as features in Citco's fund accounting solutions. | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
Income recognition and allocation to investors is a necessary function and included in Citco's technical specification. | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Custom chart of accounts is described in Citco’s offering for diverse fund structures and requirements. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
Ability to open/close and manage multiple accounting periods is part of fund accounting controls promoted by Citco. | |
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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. |
Citco advertises real-time and batch processing, with movement to real-time processing for core modules. | |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
Sub-ledger support is provided for assets such as derivatives, private equity, and real estate. | |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
Comprehensive audit trails are mandated for regulated administration; Citco references robust audit tracking. | |
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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 |
Corporate Actions Processing
(7 Yes /7 Known /13 Possible features)
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
Automated corporate action event capture is a feature for custody and portfolio reconciliation modules. | |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
Processing of voluntary/mandatory corporate actions is standard in institutional fund administration and referenced in Citco documentation. | |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
Entitlement calculations for corporate actions are included as part of Citco’s core fund accounting automation. | |
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Event Notification Automated alerts and workflows for pending and processed events. |
No information available | |
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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. |
Historical event recognition and correction referenced as part of corporate action controls. | |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Citco integrates feeds from major market data vendors and custodians for corporate action data. | |
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Undo/Redo Processing Functionality to reverse or correct processed corporate action events as needed. |
Ability to undo/redo corporate action processing referenced for error correction and audit compliance. | |
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Multi-class Share Support Handle actions across different share classes efficiently. |
No information available | |
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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. |
Dedicated audit logs for corporate action processes mentioned in fund services compliance features. | |
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Manual Input Options Facility for users to manually input or override corporate action details. |
No information available | |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
No information available |
Income Distribution and Allocation
(8 Yes /8 Known /12 Possible features)
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Automated Distribution Schedule Scheduling of recurring or one-off income distributions, including frequency and amount. |
Recurring distribution scheduling, including automated routines and customized frequency, is outlined in investor servicing documentation. | |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
Customizable allocation methods (pro-rata and others) are available, per reporting and distribution services. | |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
Gross and net distribution calculation functions referenced within Citco’s fund administration platform. | |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
Dividend and distribution reinvestment features are mentioned in the investor servicing module. | |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
Citco services multi-class/tranche/shareholder structures as part of fund administration. | |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
Tax calculation, withholding, and reporting for income distributions are described in core offering. | |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
Multiple payment/distribution options (SWIFT, ACH, etc.) are highlighted in the investor payment process description. | |
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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. |
No information available | |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
Distribution report automation is mentioned in Citco's suite of investor and fund reporting tools. | |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
No information available | |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
No information available |
Financial Reporting
(3 Yes /3 Known /11 Possible features)
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Standard financial statement production (balance sheet, P&L, cash flow) is a core service and expected feature. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
No information available | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
Automated output for major regulatory templates (AIFMD, UCITS, etc.) is featured in Citco's reporting platform. | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
No information available | |
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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. |
No information available | |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
No information available | |
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Audit Confirmation Letters Support Automatic generation and distribution of audit confirmation letters. |
No information available | |
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Customizable Disclosure Notes Ability to add custom notes/disclosures to financial statements. |
No information available | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
Automated reconciliation reports are included as part of control and compliance outputs. | |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
No information available |
Data Integration and Connectivity
(8 Yes /8 Known /12 Possible features)
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API Availability Availability of REST, SOAP or other APIs for integration with external systems. |
APIs for system integration are highlighted in Citco’s technology platform summary. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
The platform supports batch import/export of data (CSV, XML formats) for fund and investor records. | |
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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 leading price and security master feeds (Bloomberg, Reuters, etc.) is referenced in the fund services documentation. | |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
Citco’s platform advertises interoperability with risk, order management, and compliance systems. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
No information available | |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
Citco supports SWIFT messaging for payments and corporate actions as part of its custody and transaction platform. | |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
Data validation and cleansing is necessary for operating at scale; referenced in implementation/transition documents. | |
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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. |
Real-time error handling and alerting is mentioned within Citco's workflow and system reliability platforms. | |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
Flexible data mapping tools for integration of client and market data sources are described in Citco’s onboarding documentation. | |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
No information available |
User Experience and Workflow Automation
(8 Yes /8 Known /12 Possible features)
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Customizable Dashboards Personalized dashboards showing relevant KPIs, alerts, and task lists. |
No information available | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Workflow automation (triggers, approvals, reminders) is a cited differentiator for Citco’s advanced fund services. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
The system enforces user roles/permissions for all investor and fund-related data, compliant with institutional standards. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
No information available | |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
Bulk transaction uploads and processing referenced for large fund administration onboarding. | |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
Mobile and tablet access is mentioned in Citco online reporting and investor platform materials. | |
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Language Localization Support for multiple languages for interface and reporting. |
No information available | |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Citco provides customer portals/learning materials and onboarding support documentation. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
Advanced search and filtering available in Citco's reporting and investor tools. | |
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User Activity Logging Automatic recording of user actions for security and compliance. |
User and system activity logging are mandated for compliance and referenced within the solution’s security framework. | |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
No information available | |
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Document Management Store and retrieve associated fund documentation within the platform. |
Document management features for investor letters, offering documents, and reports are included in the fund platform services. |
Compliance and Controls
(10 Yes /10 Known /11 Possible features)
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Rule-based Policy Enforcement Automated compliance checks based on custom or regulatory rules. |
Rule-based compliance checks for regulatory and client policy enforcement are referenced in feature descriptions. | |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
Approval workflows for critical tasks are part of Citco's enterprise workflow automation platform. | |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
Exception, escalation, and compliance alerts are embedded for deviation and breach monitoring. | |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
Comprehensive regulator-focused audit logging is highlighted as part of Citco’s compliance readiness. | |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
Citco enforces segregation of duties for sensitive financial controls, a standard for major fund services vendors. | |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
Threshold monitoring is standard for NAV control, exposure deviation, and exception handling. | |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
Automated regulatory reporting and direct filings (where permitted) referenced for AIFMD/UCITS in regulatory modules. | |
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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 for investor onboarding and due diligence is cited by Citco. | |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
Historical version reporting is mentioned for regulatory and investor statements. | |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
No information available | |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
Automated compliance breach alerts are part of Citco's exception monitoring and workflow automation. |
Security and Data Protection
(7 Yes /7 Known /10 Possible features)
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Multi-factor Authentication Support for two-factor or multi-factor user authentication. |
Multi-factor authentication is standard for all investor and client web portals. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
All regulated fund administrators must encrypt data at rest/in transit; this is referenced in Citco's legal and technical materials. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Citco leverages role-based access controls for granular user provisioning, per documentation. | |
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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. |
Citco references regular third-party penetration testing in its Trust Center/cybersecurity statements. | |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
Robust audit log monitoring—security and transaction-oriented—is mentioned for compliance support. | |
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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. |
Citco commits to secure erasure following regulatory standards for deleted data as per compliance documentation. | |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
GDPR and global privacy/data protection law compliance is stated in Citco's regulatory statements. |
Performance, Scalability, and Availability
(2 Yes /2 Known /9 Possible features)
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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. |
Citco's infrastructure supports horizontal scaling, per technology stack discussion. | |
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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. |
No information available | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
High-availability features are discussed as part of Citco's data center and resilience initiative. | |
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Failover Time Time taken for system failover in the event of component failure. |
No information available |
Pricing, Licensing, and Vendor Support
(6 Yes /6 Known /10 Possible features)
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License Models Supported Support for various license models (SaaS subscription, on-premise, etc.). |
Citco offers SaaS and out-sourced operating models, and supports multiple client arrangements. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
No information available | |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
No information available | |
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Implementation Support Availability of vendor support during setup and onboarding. |
Implementation and onboarding support provided per Citco's client materials. | |
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24/7 Client Support Round-the-clock live support availability. |
24/7 support referenced in Citco’s enterprise service agreement. | |
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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. |
Citco maintains an online knowledge base and resource community for clients. | |
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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 for new clients and legacy conversion are part of Citco’s onboarding service. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
Citco offers flexible contract durations and renewal terms for institutional clients. |
Customization, Extensibility, and Upgradability
(4 Yes /4 Known /9 Possible features)
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User-defined Workflows Support for building custom workflows and automations without vendor involvement. |
No information available | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
No information available | |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Custom fields and forms are supported as part of Citco’s client onboarding and investor portal design. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
No information available | |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
White-labeling and branding options for client portals and reporting are promoted by Citco. | |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
No information available | |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
Citco maintains backward compatibility for all client-facing APIs and integrations based on client notifications. | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
No information available | |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
Citco provides test/sandbox environments for integration and workflow testing per onboarding technical documentation. |
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