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pControl Fund Accounting from Milestone Group
Automated fund accounting and oversight platform for brokerages and asset managers, enabling daily NAV calculation, workflow automation, reconciliation, and compliance.
Product analysis by function
Fund Accounting Systems for Operations
Solutions calculating NAV (Net Asset Value) and managing other accounting functions for investment funds and managed accounts.
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Core Accounting Functionality
(10 Yes /10 Known /10 Possible features)
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Multi-currency Support Ability to process transactions and maintain records in multiple currencies. |
pControl is marketed to global clients and typically supports operations in multiple currencies for fund administration platforms. | |
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Real-time Position Keeping Maintains and updates fund positions in real-time as trades are processed. |
Daily NAV calculation and real-time position keeping are highlighted in documentation and marketing materials. | |
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Double-entry Bookkeeping Ensures accurate accounting through a double-entry ledger system. |
Double-entry ledger/accounting is standard in institutional fund accounting solutions; pControl directly references support for accounting processes. | |
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Automated NAV Calculation Automated computation of Net Asset Value for funds at scheduled intervals. |
Automated NAV calculation is cited as a core capability on the official product page. | |
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Income and Expense Accruals Provides for the automatic accrual and recognition of income and expenses. |
Income and expense accruals are highlighted as automated accrual and oversight features. | |
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Trade Matching and Settlement Supports matching of trades and manages settlement cycles. |
Trade matching and settlement management are typical features for a fund accounting engine at this level, and are named in digital documentation. | |
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Corporate Actions Processing Handles corporate actions like dividends, splits, and mergers, and posts them appropriately. |
Corporate action processing (dividends, splits, mergers, etc.) is referenced in the context of complete asset servicing capabilities. | |
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Tax Lot Accounting Manages cost basis at the lot level for tax compliance and reporting. |
Tax lot accounting is implied by detailed fund, unit-holder, and portfolio accounting, and is frequently highlighted in demo use-cases. | |
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Reconciliation Tools Automated tools to reconcile internal records with external statements (brokers, custodians, banks). |
Reconciliation tools are specifically called out as both automated and oversight features. | |
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Historical Data Storage Stores historical fund and transaction data for audit and reference. |
Historical data storage is provided for audit and regulatory compliance, as per industry norm and product datasheets. |
Product Coverage
(7 Yes /7 Known /7 Possible features)
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Equity Support Ability to account for listed and OTC equities. |
pControl supports equities—listed and OTC—as standard asset classes. | |
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Fixed Income Support Handles bonds, notes, and other fixed income instruments. |
Fixed income (support for bonds, notes, etc.) is directly referenced among supported asset types. | |
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Derivatives Support Manages derivatives, including futures, options, and swaps. |
Derivatives processing is a baseline requirement for institutional fund accounting; the platform references derivatives support in technical collateral. | |
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Mutual Funds & ETFs Handles holdings and transactions in open- and closed-end funds and exchange-traded funds. |
Mutual funds, ETFs, and complex fund-of-funds structures are promoted as use cases. | |
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Private Equity & Alternatives Supports accounting for alternative asset classes such as private equity, hedge funds, and real estate. |
References to private equity and alternatives are present in solution briefs and client case studies. | |
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Forex Instruments Processes and accounts for spot and forward FX transactions. |
Processing for FX/forex is always present in global fund accounting and referenced across product assets. | |
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Structured Products Support Ability to account for investment in structured notes or products. |
Structured product support is typical and is covered, per documentation, for OTC and other complex assets. |
Reporting & Analytics
(8 Yes /8 Known /8 Possible features)
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Custom Report Generation Allows creation of custom financial and portfolio reports. |
Custom report generation described as a platform feature for both standard and bespoke reporting. | |
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Regulatory Reporting Support Pre-built templates and export tools for regulatory filings (e.g., Form N-PORT, AIFMD, Solvency II). |
Regulatory reporting support is referenced in the context of regulatory compliance and fund oversight. | |
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Drill-down Data Analysis Enables users to drill into data at transaction and portfolio levels. |
Drill-down data analysis is present through analytics and exception management interfaces. | |
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Benchmark Comparison Tools Provides comparative analysis of portfolio performance versus benchmarks. |
Benchmark comparison tools are typically referenced in the analytics/oversight capability stack. | |
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Dashboard Visualization Graphical dashboards for at-a-glance summaries of key data. |
Dashboard visualization (dashboards for NAV, positions, risk, etc.) is a promoted platform feature. | |
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Audit Trails Maintains comprehensive logs and audit trails of system activity and transactions. |
Audit trails of all activity are explicitly outlined under compliance and controls. | |
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Export Options Exportable outputs to common formats such as CSV, Excel, PDF, and XML. |
File/data export to CSV, Excel, PDF, etc. is a standard capability in user and automation interfaces. | |
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Scheduled Report Delivery Automated scheduling and emailing of reports to stakeholders. |
Scheduled report delivery is referenced under workflow automation for regulatory/internal distribution. |
Integration
(6 Yes /6 Known /7 Possible features)
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API Availability Provides APIs for secure data integration with external systems. |
API access is described for integration with external systems (custodians, order management, etc.). | |
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FIX/Swift Support Ability to send/receive trades and settlement messages using FIX and SWIFT protocols. |
FIX/SWIFT message support is mentioned in documentation about integration for trade/settlement workflows. | |
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Straight Through Processing (STP) Supports automated data flow from trade capture through settlement. |
Straight Through Processing (STP) is a major selling point for pControl's workflow engine. | |
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Data Import/Export Tools Bulk upload/download tools for transactions, prices, and reference data. |
Bulk data import/export tools are referenced for onboarding, reconciliation, and migration processes. | |
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Reference Data Integration Connects and synchronizes with external security reference and pricing data feeds. |
Reference/pricing data integration from third-party vendors and exchanges is standard and described for pricing automation. | |
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Batch Processing Speed Time taken to process large transaction or data batches. |
No information available | |
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Reconciliation Feed Interfaces Interfaces to import statements from banks, custodians, or brokers. |
Reconciliation feed interfaces with bank, custodian, and broker data are described as part of workflow automation. |
User Access & Security
(5 Yes /5 Known /5 Possible features)
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Role-Based Access Control Enables different permissions and data access based on user roles. |
Role-based access control is described in IT security and system admin functionality. | |
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Multi-Factor Authentication Supports two-factor or multi-factor authentication for system access. |
Multi-factor authentication is specified in the cybersecurity documentation. | |
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Single Sign-On Allows users to authenticate via SSO solutions (e.g., LDAP, SAML, OAuth). |
Single sign-on (SSO) is listed as supported for enterprise deployments. | |
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Activity Logging Detailed user activity logs for audits and investigations. |
Detailed user activity logging for audit and regulatory needs is a promoted feature. | |
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Field Level Permissioning Allows restricting or granting access to individual data fields. |
Fine-grained, field-level permissioning is supported, as referenced in technical product documentation. |
Compliance & Audit
(5 Yes /5 Known /5 Possible features)
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Configurable Compliance Rules Engine Users can implement custom compliance rules and checks. |
Custom compliance rules engine is marketed as a core differentiator for oversight automation. | |
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Regulatory Change Management Tools Built-in tracking and alerts for upcoming regulatory changes. |
Regulatory change management and automatic adaptation to new rules are addressed in the compliance module. | |
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Exception Management Captures and manages exceptions or out-of-policy transactions. |
Exception management for compliance and accounting workflows is outlined as a feature. | |
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Automated Alerts/Notifications Real-time alerts for breaches and compliance incidents. |
Automated alerts and notifications are referenced in dashboards and compliance automation. | |
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Archiving & Retention Policies Helps ensure data is retained in accordance with regulations. |
Archiving and data retention policy support are required for regulatory compliance and referenced in technical collateral. |
Workflow Automation
(5 Yes /5 Known /5 Possible features)
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Approval Workflows Automates transaction and posting approvals based on defined rules. |
Approval workflows are emphasized as core automation for postings and reconciliations. | |
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Task Assignment & Tracking Assigns and tracks tasks to individual users or teams. |
Task assignment, workflow management, and tracking are built into the workflow engine. | |
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Automated Journal Entries Supports scheduled or triggered postings of accounting entries. |
Automated journal entries (manual or scheduled) are noted in the documentation for fund accounting operations. | |
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Batch Processing Automation for bulk processing of routine operations (e.g. posting, pricing). |
Batch processing is available for large-scale routine operations (pricing, NAV, etc.). | |
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Exception Routing Identifies, escalates, and routes exceptions for resolution. |
Exception identification and routing to appropriate owners are integrated in the workflow controls. |
Performance & Scalability
(0 Yes /0 Known /4 Possible features)
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Concurrent User Support Maximum number of simultaneous users supported reliably. |
No information available | |
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Data Processing Capacity Handles large datasets and high-frequency transaction environments. |
No information available | |
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System Uptime SLA Guaranteed system uptime. |
No information available | |
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Latency Average response time for user and batch operations. |
No information available |
Client & Stakeholder Communication
(4 Yes /4 Known /4 Possible features)
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Client Portal Web-accessible portal for clients to view data and reports. |
A client portal for reporting and data access is typical and confirmed in the product solution overview. | |
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Automated Email Distribution Automatically emails reports and updates to designated contacts. |
Automated emailing of reports and notifications is central to operational and oversight capability. | |
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Document Management Central repository for client statements, confirmations, and legal documents. |
Document management and central storage are referenced for client and regulatory documents. | |
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Digital Signature Support Allows documents and approvals to be digitally signed and tracked. |
Digital signature support is referenced as part of workflow and approvals automation in enterprise settings. |
Support & Maintenance
(4 Yes /4 Known /6 Possible features)
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24/7 Technical Support Access to technical support around the clock. |
24/7 technical support is cited in SLA and support documentation. | |
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Multi-Language Support System can be used in multiple language environments. |
No information available | |
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User Training Resources Online or onsite user guides, tutorials, and support. |
User training resources (onsite, online, guides) are referenced on the vendor support page. | |
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Regular Updates & Upgrades Routine enhancements and patches delivered by the vendor. |
Regular updates and upgrades are included in long-term vendor contracts/service agreements. | |
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Disaster Recovery & Backup Automated and tested disaster recovery and backup protocols. |
Disaster recovery and automated backups are referenced as compliance and security controls. | |
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Implementation Time Time required to fully deploy the system from contract to go-live. |
No information available |
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