Over the past decade NAV oversight and contingency tools have emerged as valuable ways in which funds can ensure a timely and accurate NAV. To recognize the leaders in this critical operational resilience function, Celent analyzed 10 leaders in the space and ranked them in accordance with the Celent ABCD vendor view for which only six vendors qualified.
pControl™ Oversight was awarded in the Customer Base category for its number of clients in production, global distribution and client satisfaction with cost and value of offering. One pControl client commented: “They have a wealth of knowledge, experience, and existing relationships, which can be leveraged in developing your own solution.”
The solution was also awarded in the Breadth of Functionality category for its extensive oversight and backup NAV capabilities which provides exception-based workflows and automation. Users have a transparent view of the data, a complete audit trail and expansive configurability of views which enable the end user to see all components of the NAV calculation at a granular level. Additionally, client feedback received in the Celent report was that “Milestone and pControl have extensive and in-depth knowledge of NAV oversight requirements.”
pControl Oversight is an established cloud-based, enterprise oversight solution that enables clients to independently verify the accuracy of NAVs produced by one or more service providers across multiple geographies on a consistent and timely basis. It provides standardized data handling, process management and validations delivering a high confidence solution. It incorporates a fully integrated Backup NAV capability, and provides insurance to organizations seeking operational resilience to deal with the possibility of a limited or multi-day service provider outage.
Paul Roberts, CEO, commented: “We are thrilled to be recognized in this way by Celent. We pride ourselves on providing the highest standard of resilience and transparency when it comes to NAV oversight. pControl continues to evolve to meet the dynamic needs of our customers amidst increased regulatory expectations in this area. Whether its NAV oversight, asset allocation or fund processing, pControl is purpose built to support institutional investors on a single platform.”