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SS&C HiPortfolio: Trusted at the
core of investment operations
Comprehensive, scalable and proven technology giving uncompromising control
over fund administration, investment accounting and asset servicing operations.
SS&C HiPortfolio is trusted at the
core of investment operations to:
The challenge of operational
complexity
Maximise the benefit from a single system to
reduce cost of operations: Solve investment
accounting and asset servicing operational
challenges from a core system that enables
decommissioning of satellite applications,
workarounds and manual processes
Reliable, robust and scalable software is
critical to the effective and safe running of
investment management operations. Whether
the operation supports the asset management
arm of a bank or insurance company, a
boutique investment firm, custodian or third
party administrator, it is critical that investment
accounting and asset servicing software
manage all the firm’s investment products
through their respective transaction lifecycle
from trade capture through to booking,
processing, measuring and reporting. The
smooth running of an investment operation
requires this all to be done with absolute
accuracy, on time and within a highly
controlled environment.
The challenges of investment operations are
becoming increasingly acute with increasing
transaction volumes, growth in fund and
instrument innovation, more complex and
exacting regulatory and taxation rules, and
tighter servicing agreements. Against this
backdrop, errors caused by inaccurate or
untimely processes, or poor compliance with
regulatory and tax frameworks, are attracting
bigger financial penalties and causing
reputational damage.
Beyond the daily processing requirements
of fund accounting and administration, asset
servicing activities require specific support
and workflows. Overnight reconciliation
processes are executed to ensure that front,
middle and back office investment data is
aligned, ready for the next day’s trading. The
firm’s investment data must be the ‘single
version of the truth’ that feeds other systems
so that reliable investment decisions can be
made.
Additionally, producing Net Asset Values
(NAVs) and unit prices is a time critical daily
process which requires a high degree of
accuracy. The pressure of rapidly changing
requirements such as pricing methodologies,
new tax calculations, performance fees and
additional share classes, mean that a flexible
method of unit price production is essential to
deliver on time and accurate values.
Today’s investment management firms require
technology that is capable of delivering a
consistent, reliable and accurate service to
fund management professionals and investors
- the established and award winning SS&C
HiPortfolio® solution is the answer.
Increase operational control: Broad
instrument coverage and an unrivalled depth
of transaction processing to manage the
full investment transaction lifecycle from
trade capture, investment accounting and
fund administration, cash management,
reconciliation, corporate actions processing,
unit pricing and taxation through to
performance measurement and attribution
Enable business growth: Scalable and
modular software that can accommodate
the expansion of asset class coverage, help
support new mandates and enable the launch
of new services
Enable geographical expansion:
Geographical expansion is readily supported
through the experience of meeting
operational requirements in more 25
countries, more than any other investment
accounting software provider
Integration, automation and workflow
enablement: Improve efficiency across the
business through enterprise wide integration
with other systems that support the operation
SS&C HiPortfolio: Trusted at the core of investment operations
Today’s investment management operation cannot fail to deliver consistent, reliable
and accurate service to investors.
Investment operations play a key role in
supporting the post-trade activity relied
upon by today’s investment management
community. These activities start at the point
of ‘capturing’ the investment instrument and
continue through the complete life cycle of
the investment from purchase to disposal.
SS&C HiPortfolio has broad instrument
coverage and an unrivalled depth of
transaction processing to manage the
full investment transaction lifecycle from
trade capture, investment accounting and
fund administration, cash management,
reconciliation, corporate actions processing,
unit pricing and taxation through to
performance measurement and attribution.
Sitting at the heart of your investment
operations, SS&C HiPortfolio uses its
sophisticated data integration capabilities
to interface with upstream and downstream
processes to facilitate automation of
operational processes and enable workflow
across the operation or enterprise.
Proven as the core of investment operations
globally for more than 30 years, SS&C
HiPortfolio is currently operating in the
UK and Europe, Middle East, Africa, North
America, Australia and Asia. Clients rely on
SS&C HiPortfolio to execute their investment
accounting and asset servicing activities
either through single operational locations
or regional and global hubs. This is backed
by a regional and local support model so
that investment operations have access to
expertise within their time zone.
SS&C HiPortfolio is deployed by a range of
operations with different business models
including specialist investment boutiques
with a few users processing hundreds of
transactions per week. SS&C HiPortfolio also
extends to support the very largest global
institutions and third party administrators
with hundreds of concurrent users processing
thousands of transactions and portfolios
every day with intra-day pricing and reporting
requirements.
Asset Managers – Easy to implement, SS&C
HiPortfolio provides complete middle and
back office functionality in a single system
that is simple to operate and maintain. As a
firm grows, additional SS&C capabilities can
be deployed seamlessly with HiPortfolio in
specialist areas such as front office execution,
performance measurement and reconciliation.
Insurance Companies – Whether managing
proprietary assets, or accounting for the
investments made by third party managers,
SS&C HiPortfolio has the flexibility to manage
complex unit linked products and plan
structures of insurance asset managers
globally.
Third Party Administrators – SS&C
HiPortfolio supports high-volume processing
while segmenting books of business that third
party administrators require. The ability to deal
with the complexities of different accounting
structures enables the management of diverse
investment accounting
SS&C HiPortfolio delivers your investment operation
Investment accounting and tax processing
• Trade capture and investment accounting capabilities for an ever expanding range of asset classes and fund structures
• Comprehensive investment accounting supporting local and global accounting methodologies
• Full multi-currency general ledger with rules engine to auto-post entries to a user-definable account structure
• Extensive derivatives accounting support to rapidly respond to new investment strategies
• Taxation support with the flexibility to accommodate computation and reporting requirements in multiple jurisdictions
Asset servicing capabilities
• Corporate actions automation covering the full lifecycle of an event from announcement capture to entitlement generation
• Trade confirmation and settlement capabilities to automate post trade processing
• Unit pricing automation and control, flexible and scalable NAV calculation and exceptions management capability
• Compliance allowing investment guidelines, restrictions and exposure limits to be monitored at individual or groups level
• Performance enabling integrated performance measurement, attribution and analytics
Exceptions management and operational controls
• Exceptions management support via an event driven framework providing operational alerts and system notifications
• Business intelligence capabilities provide visualisation of operational data via dashboards for control and reporting
SS&C HiPortfolio: Supporting asset servicing operations
SS&C HiPortfolio’s fully integrated suite of
asset servicing modules provide support for
the effective and safe running of investment
management operations beyond investment
accounting and tax processing.
rules based workflow engine in the data
cleansing process, through the notification
and response workflow to deliver cleansed,
validated information to the investment
accounting engine.
Portfolio Modelling and Trading –
Unit Pricing – Provides a comprehensive and
Provides front-end decision support from
where bulk orders and portfolio allocations
can be generated. Enables portfolio
monitoring to determine the trading required
at either security or sector level to bring
portfolios in-line with chosen investment
models.
flexible solution for the automated calculation
of NAV and unit prices for unitised investment
vehicles as well as operational control tools
including exceptions management, workflow
monitoring and control reporting.
Trade Confirmation and Settlement – A
trusted trade repository to initiate the process
of trade confirmation and settlement.
middle office analytics, data aggregation and
self-service role based dashboards.
Reconciliation – A highly configurable tool
for reconciling SS&C HiPortfolio data against
external sources, including position and
transaction level reconciliations.
Compliance – Allows investment guidelines,
restrictions and exposure limits to be
monitored against individual or groups of
portfolios.
Performance – Integrated performance
measurement, attribution and analytics
capabilities which can be further
complemented by SS&C’s suite of advanced
Corporate Actions Processing –
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Modelling
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Taxation
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Reconciliation
Accounting
Methods &
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Capabilities combine a flexible and robust
Investment accounting, tax processing and asset servicing
In
Unit
Pricing
su
General
Ledger
Performance
SS&C HiPortfolio: Supporting investment accounting operations
SS&C HiPortfolio is the complete investment
accounting, tax processing and asset servicing
solution for investment management
operations.
Instrument Coverage
• Extensive trade capture, booking and
accounting capabilities covering equities,
fixed income, money markets, foreign
exchange, futures and options, derivatives,
OTCs, mortgage and asset backed
securities and index linked securities
• Coverage continually extended to cater for
local market asset class innovation
Transaction Processing
• Manage the transactions associated with
investment for diverse books of business
• Set up payment schedules for regular and
irregular payments to calculate income on
a fixed and floating basis
Accounting Methods and Standards
General Ledger
• Fully multi-currency to accommodate
different portfolio needs
• Import and export to facilitate integration
with corporate general ledger systems
• Includes a rules engine to auto-post entries
to a user definable account structure
• Handles inconsistent accounting periods
across portfolios, differing account codes
and structures, and multiple reporting
currencies
Taxation
• Utilises HiPortfolio transaction records for
tax computations
• Support for Capital Gains Tax, Reclaimable
and Withholding tax
• Ability to calculate realised and unrealised
gains and losses
• Flexibility to support computation
and reporting requirements in most
jurisdictions
• Multiple accounting methods supported
including IFRS , local GAAP, average cost
and tax lot
• Allows for FIFO, LIFO or use of specific
identification techniques
• Flexibility allowing rules such as maximum
profit or maximum loss to be automated
• Selectable preferred costing method by
type of security and client portfolio
• Post dividend change management and
accounting update control
Investment &
Fund Accounting /
Record Keeping
Unit Pricing,
Corporate Actions
& Taxation
HiPortfolio
Corporate Actions Processing
• Flexibility to deal with tax components and
management of entitled positions
Book it
Service it
• Reporting at different levels using different
accounting standards
• Automation of income announcement
capture and capital events integration
Capture it
Trades, Positions,
Contracts &
Reference Data
Manage it
Report it
Cash Management,
Post Trade
Processing
& Reconciliation
Internal
& Regulatory
Reporting
Measure it
Performance
Measurement
& Attribution
• Ability to configure complex corporate
actions
Investment Life Cycle
To learn more about how we can assist your organisation in optimising investment operations, please contact your local office:
[email protected] | www.ssctech.com