US fund administration firm Gryphon Fund Group has selected Linedata to streamline its fund accounting, net asset value calculation (NAV) and reporting processes.
Linedata’s Mfact is a fund accounting and reporting solution used by asset managers and fund administrators to execute back-office activities.
With Mfact, Gryphon will be able to automate workflow and manual processes from data input to final NAV production.
Linedata Mfact is compatible with all fund types including multi-currency share classes, manager-level NAVs and traditional and alternative funds.
Commenting on the mandate, Gordy Jones, president and chief revenue officer at Gryphon, says: “Linedata Mfact has enabled us to simplify a number of our back-office operations and integrate the daily workflow with other reporting requirements seamlessly, allowing our team of accounting experts to focus on our clients’ technical matters, rather than simply processing client data.”
Bob Moitoso, head of asset management North America at Linedata, adds: "In today’s macroeconomic environment, integrating intelligent software into your operations is a necessity to maintain a strong competitive edge. Gryphon understands the role technology plays to deliver faster, accurate results, positioning them as clear innovative leaders in the industry.”
