Valu-Trac selects Tenemos Multifonds 05 December 2024US Reporter: Clelia Frondaroli
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Valu-Trac has selected Tenemos to drive the development and growth of its fund administration and transfer agency business, via Tenemos Multifonds SaaS.
The selection will replace Valu-Trac’s in-house systems with Temenos Multifonds Global Accounting (MFGA) and Multifonds Global Investor (MFGI) end-to-end solution. The company says this will optimise operational efficiency and servicing through automation on a single platform.
The implementation of Tenenmos Multifonds will also aim to provide real-time visibility to potential challenges in Valu-Trac’s fund operations, as well as a secure and resilient infrastructure.
Jonathan Child, fund operations director at Valu-Trac, says: “This is a strategic project for Valu-Trac, and after a thorough evaluation, we chose Temenos Multifonds as the best solution to meet both our current and future needs.”
Managing director at Temenos Multifonds, Oded Weiss, concludes: “We are proud to welcome Valu-Trac as a new member of the Multifonds community, marking our continued strategic commitment to the UK retail investment funds administration market. As a SaaS client, Valu-Trac is well positioned for future growth.”
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