Pacific Fund Systems has received the ‘Best Fund Administration System’ and ‘Best Fund Administration Software Supplier’ awards at the 2018 International Fund Awards.
This success can be attributed to the award winning PFS-PAXUS system; a specialist investment accounting and fund administration software. The system fully supports the NAV calculation and shareholder servicing administration for all types of traditional and alternative funds, including retail funds, hedge funds, private equity, and managed account investment vehicles.
PFS’ software continues to completely re-engineer the work processes of fund administrators across the globe, by providing innovative solutions that replace multiple legacy systems with one innovative integrated solution, with customer web access built into its core.
PFS’ product offering is complemented by a highly skilled and knowledgeable team, who each have extensive knowledge gained from many years’ experience of fund administration operations. This exceptionally strong combination of award-winning products alongside exceptional support allows PFS to deliver an innovative and dynamic set of products to its core target market.
Looking ahead, the fund administration sector continues to rapidly change, as more and more demands are placed upon administrators to comply with ever increasing regulatory and reporting requirements demanded by clients, investors, regulators and tax authorities. As such PFS has invested time and resources to analyse the ways in which the needs of fund administrators have changed and will continue to change, and continues to develop functionality that will assist administrators to meet these additional demands and responsibilities that are placed upon them.
Importantly, PFS constantly monitor the industry to identify what adaptions are in view and seek to ensure solutions are in place by or before they are demanded by administrators – therefore helping to retain its enviable position as the software supplier of choice for the fund administration industry.
Additionally in line with the aim of staying ahead of current technological trends and optimising the efficiencies they create, PFS is currently enhancing its offering with the planned delivery of PFS-PAXUS via the cloud, with a full SaaS offering targeted for launch in Q2 2018.
The existing ‘client hosted’ model will continue to be offered in parallel with PFS-CLOUD, providing new and existing clients with an enhanced range of hosting options. As such, PFS-PAXUS and PFS-CONNECT will be able to be rapidly deployed in the cloud delivering an alternative hosting option for clients looking to use best of breed hosting, set up and technical support for PFS-PAXUS, PFS-CONNECT and related interfaces. PFS-CLOUD will also offer existing and future clients the opportunity to mitigate IT costs, improve flexibility to scale software usage and increase focus on core business activities without compromising security or user experience.
The PFS-CLOUD initiative will allow PFS to manage the PFS-PAXUS environment in the cloud, working directly with leading global data hosts. Services will include new release updates, interface maintenance and environment tuning. With the number of interfaces expected to grow in scale and complexity it will make technical and financial sense to have PFS experts managing the PFS-PAXUS technology environment on behalf of clients, in turn allowing those administrators to focus on their core business.
PFS is committed to continuing to build upon this client focused, technology led ethos, to support its strong market position, both now and into the future.