US EAST COAST 2012 - HFMWeek

US EAS T COAS T 2012
ADMINISTRATION
Our experienced global consultancy serves as financial
experts to our clients addressing the strategic and tactical
aspects of the Form PF filing.
HFM: How is technology the answer
JW: Today’s technology is easier to manage and includes
many levels of enhanced functionality. Customised,
turnkey solutions are cost effective when compared
to legacy, manual methods.
Our clients not only leverage Viteos’ advanced technology
but also elect to implement our ‘platform-as-aservice’
model, which reduces the operational drag in
their organisation while enabling them to gain access
to advanced functionality and reporting.
Viteos continues to focus on and develop innovation
that streamlines the processes related
to OPERA and the Alternative Investment
Fund Managers Directive (AIFMD). We now
deploy technologies across a range of interests,
including classic fund administration, middle
office and shadow accounting.
HFM: I understand how technology goes a
long way to improving processes, but how
does veriPFy specifically ease the burden of
filing Form PF
JW: Viteos was one of the first firms to deliver
a fully developed Form PF solution to clients
and we are actively engaging and working with
2012 filers.
veriPFy is an application-based platform addressing
the challenges associated with the data handling and
interpretation of Form PF. veriPFy efficiently handles
the entire aggregation and reporting process for Form
PF compliance including XML filing. Clients may elect
to use veriPFy as an internal premise based solution or
access veriPFy through the web.
Viteos’ current and future development is driven by
ONE SOLUTION THAT
CONSISTENTLY ADDRESSES
COST, PERFORMANCE
AND OPERATIONAL DRAG
SIMULTANEOUSLY IS
TECHNOLOGY
”
client preferences and needs. There are no all-encompassing
solutions for Form PF, which mandates data
aggregation and reporting based on assumptions that
are subject to interpretation. veriPFy automatically
accounts for these assumptions and technologically
incorporates all the interpretive exercises required to
suit each individual firm.
HFM: Why a partnered approach
JW: Fund managers are in the investment business,
not the operations business. Do they have time to
build these applications in-house and meet regulatory
and investor demands Most likely. But the cost, time
and expertise required will at some point absolutely
distract even the most organised investment
manager.
This is where Viteos comes in. We understand
their challenges and can address them
quickly and efficiently, with minimal impact to
the ongoing operations of the firm. For Viteos,
our clients’ business objectives are our business
objectives.
So an approach that is managed by experts,
minimises operational drag and is cost effective
is likely to optimise performance for fund managers
both in the near and long term. Firms that
embrace such an approach consider themselves
at a competitive advantage relative to those that
do not.
HFM: What new strategies besides what we’ve discussed
is Viteos implementing
JW: Viteos has already taken the model into the family
office space and sees significant opportunity in the
more traditional asset managers. We have expanded
in Europe and Asia, so the confidence our clients have
placed in us has enabled us to expand and deliver to
new segments and new regions. n
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