Transform your NAV oversight capabilities with Milestone Group’s pControl™ Oversight solution. A purpose-built solution to meet the needs of global asset management companies, registered investment companies, and fund product providers specifically focused on the areas of NAV Oversight and contingent Backup NAVs.
pControl™ Oversight provides assurance for organizations that outsource their fund accounting or investment operations, with the added protection of insurance against single or multi-day service provider outages via the Backup NAV feature.
Backup NAV for Business Continuity
We all recognize the importance of business operations continuity planning and that when it comes to having a Backup NAV it is vital to have a process in place. We need to ensure that the production of a Backup NAV is straightforward, accurate and timely. It also needs to support your business operations strategy and integrity in helping you avoid significant business disruption and reputational damage.
pControl™ Backup NAV protects your business by reliably calculating an independent contingent NAV in the event of service provider outage upholding your fiduciary duty.
Click here to read more about Backup NAV.
pControl™ Oversight – What can it do for your business?
- Offers greater protection for both your firm and the investor in terms of reduced operational risk
- True and independent verification ensures that outsourced functions are up to the highest standards
- Eliminates the need for excel spreadsheets and multiple disparate systems which are prone to error
- Ensures that fund boards, regulators and investors are comforted in knowing that the NAV oversight is being professionally managed and that the most important metric, the NAV, has integrity
- SLA aware operating model allows your firm to focus on the highest priority items first
- Provides operational optimization, delivering improved business resourcing: lower costs, improved efficiency, and reduced overhead on oversight through smart system generated oversight
- Allows your firm to focus on your core business and high skilled work, leaving the calculations to pControl™ Oversight
- Global deployment facilitates multi-jurisdiction operations management and processing, so your firm can manage its global business on a single platform with consistent controls
- Reduced technology and staffing requirements through fully hosted technology using secure environments, with managed operational service to monitor business processing and data arrival
- Robust architecture with extensibility enables your firm to adapt and scale the business
pControl™ NAV Oversight Capabilities
- pControl™ NAV Oversight provides an automated, exception based, end-to-end process driven fund oversight solution
- Standardized analysis frameworks and straight through processing improves efficiency, scalability and reliability
- Advanced data management and validation processing allows users to focus upon exception management not data management
- Industry standard NAV validations and data controls over the outsourced service providers’ Actual NAV results - demonstrates best practice that is repeatable and auditable
- Automated clearing of exceptions to maximize efficiency
- Real time monitoring via integrated operational dashboards with extensive drill down analysis capabilities
- True, independent verification of NAV accuracy through the application of an Expected NAV as a reference for comparison to the Actual NAV
- Fully integrated and highly accurate Backup NAV capability with support for multi-day outages
- Full audit trails and complete transparency around historical data capture and underlying calculations
- Reduced technology and business operational staffing requirements through fully hosted technology using secure environments, with managed operational service to monitor business processing and data arrival
- Integrates with market data services to deliver security prices, benchmarks, exchange rates and corporate actions