Fund administration offering
18 Sep 2019
Kelly Ashe of Pacific Fund Systems discusses what its PFS-PAXUS system has to offer
Image: Shutterstock
Pacific Fund Systems (PFS) is a privately-owned technology company that develops, distributes, supports and now hosts a ‘one-stop-shop’ software solution for the automation of the complete range of back-office fund administration services to investment funds; focusing on an alternatives market that accounts for approximately $7 trillion in assets invested globally.
PFS’ core product is the award-winning PFS-PAXUS system; an established market-leading product that supports wholesale fund administration as well as the administration of all types of open and closed-ended, traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
PFS-PAXUS is a proven global technology solution for the fund administration industry that enables automation across the full spectrum of fund administration tasks on a single fully integrated platform.
With an extensive range of functionality, combined with advanced reporting abilities and comprehensive regulatory coverage, PFS-PAXUS equips fund administrators with a complete back-office administrative solution for fund accounting, portfolio valuation, fund pricing and shareholder recording keeping on a single, fully integrated system.
PFS-PAXUS provides a vast range of administrative efficiencies in net asset value (NAV) valuation and calculation, shareholder registration and transfer agency and compliance reporting for funds. PFS-PAXUS incorporates essential controls to manage operational risk and support compliance with global regulatory requirements, such as the Foreign Account Tax Compliance Act and common reporting standard (CRS) reporting obligations.
For private equity funds PFS-PAXUS fully supports the entire closed-end fund lifecycle, from initial commitment, to draw-downs and right through to final distribution, including equalisation and re-balancing, enabling new investors from subsequent capital closings to commit to and invest into a closed PE vehicle which has existing investors.
All accounting processes are integrated within the PFS-PAXUS general ledger for financial reporting and accounting audit trail.
PFS-PAXUS calculates all partner economic allocations, including re-allocation of management and incentive fees to the general partner, and calculates management fees for multiple classes of investors.
A functionally rich transfer agency module supports the complex partner and commitment structures that exist, and automatically generates all limited partner correspondence, including capital call letters and statements, to each limited partner as required.
PFS-PAXUS provides this all-encompassing solution at the highest levels of functionality and at a highly competitive price point, which is proven to empower our clients to increase profitability while exceeding the expectations of their underlying clients.
PFS-PAXUS offers a truly unique and revolutionary proposition in the niche financial services sector of fund administration, by integrating all of the fund administration processes that are normally performed on multiple systems on to one single ‘one-stop-shop’ solution with all components of the system consolidated within the multi-currency general ledger.
PFS-PAXUS has been designed from the ground up to automate detailed complex requirements of all fund types and asset classes—from single-asset private vehicles, to fully retail schemes dealing in listed assets with thousands of investors, to myriad alternative investment strategies including hedge funds, fund of funds and private equity vehicles.
PFS-PAXUS introduces a vast range of administrative efficiencies, including tangible and immediate benefits that reduce the risk of error, resulting in faster and more accurate completion of fund valuations and processing of shareholder transactions by its users, offering fund administrators a simplified technical landscape and the ability to administer both simple and complex investment structures while vastly reducing operating costs. PFS-PAXUS is also complemented by PFS-CONNECT, a cutting-edge web portal software that enables PFS’ clients to provide their fund clients and the fund’s underlying shareholders with a fully web-enabled reporting and transactional tool, allowing the fund managers and their investors to self-service and access their fund data securely in their own time.
PFS-CONNECT also allows investors and intermediaries to trade funds online and to upload investor anti-money laundering and fund documents, providing clients with the tools for efficient, paperless shareholder transactions saving time, expense and removing the possibility of reinput errors.
PFS-PAXUS is exceptionally quick and simple to deploy and can be implemented in-house on-premise, or on a private or third-party hosted cloud platform.
Alternatively, PFS-PAXUS is also available as a complete software-as-a-service (SaaS) solution with full hosting services included with PFS-CLOUD.
PFS-CLOUD allows PFS clients to benefit from all of the functionality that PFS-PAXUS and PFS-CONNECT have to offer, without any of the IT overheads. PFS-CLOUD provides this at a lower cost and without any of the burdensome IT and business overheads which are inevitable when clients self-host a sophisticated system like PFS-PAXUS.
PFS-CLOUD includes infrastructure management, optimised cybersecurity and real-time backup of data for immediate failover reactivation in the event of a disaster recovery situation. PFS-PAXUS’ client base includes some of the world’s largest fund administration firms administering thousands of funds around the world.
PFS was formed with one objective in mind—to build an all-encompassing, dedicated fund administration solution to form the backbone of any fund administration service providers’ business. PFS-PAXUS provides this all-encompassing solution with the highest levels of functionality and at a highly-competitive price point which is proven to empower our clients to increase profitability while exceeding the expectations of their underlying clients.
Since its incorporation nearly 20 years ago, Pacific Fund Systems has continued to grow year-on-year and offers new and existing clients a long-proven track record of maintaining stable and current software functionality, supporting fund administrators who wish to offer a premium service to fund managers across the globe.
We pride ourselves on having a personal connection with our clients by providing tailored support and advice and aim to always go the extra mile to meet and exceed their exacting demands.
PFS’ core product is the award-winning PFS-PAXUS system; an established market-leading product that supports wholesale fund administration as well as the administration of all types of open and closed-ended, traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
PFS-PAXUS is a proven global technology solution for the fund administration industry that enables automation across the full spectrum of fund administration tasks on a single fully integrated platform.
With an extensive range of functionality, combined with advanced reporting abilities and comprehensive regulatory coverage, PFS-PAXUS equips fund administrators with a complete back-office administrative solution for fund accounting, portfolio valuation, fund pricing and shareholder recording keeping on a single, fully integrated system.
PFS-PAXUS provides a vast range of administrative efficiencies in net asset value (NAV) valuation and calculation, shareholder registration and transfer agency and compliance reporting for funds. PFS-PAXUS incorporates essential controls to manage operational risk and support compliance with global regulatory requirements, such as the Foreign Account Tax Compliance Act and common reporting standard (CRS) reporting obligations.
For private equity funds PFS-PAXUS fully supports the entire closed-end fund lifecycle, from initial commitment, to draw-downs and right through to final distribution, including equalisation and re-balancing, enabling new investors from subsequent capital closings to commit to and invest into a closed PE vehicle which has existing investors.
All accounting processes are integrated within the PFS-PAXUS general ledger for financial reporting and accounting audit trail.
PFS-PAXUS calculates all partner economic allocations, including re-allocation of management and incentive fees to the general partner, and calculates management fees for multiple classes of investors.
A functionally rich transfer agency module supports the complex partner and commitment structures that exist, and automatically generates all limited partner correspondence, including capital call letters and statements, to each limited partner as required.
PFS-PAXUS provides this all-encompassing solution at the highest levels of functionality and at a highly competitive price point, which is proven to empower our clients to increase profitability while exceeding the expectations of their underlying clients.
PFS-PAXUS offers a truly unique and revolutionary proposition in the niche financial services sector of fund administration, by integrating all of the fund administration processes that are normally performed on multiple systems on to one single ‘one-stop-shop’ solution with all components of the system consolidated within the multi-currency general ledger.
PFS-PAXUS has been designed from the ground up to automate detailed complex requirements of all fund types and asset classes—from single-asset private vehicles, to fully retail schemes dealing in listed assets with thousands of investors, to myriad alternative investment strategies including hedge funds, fund of funds and private equity vehicles.
PFS-PAXUS introduces a vast range of administrative efficiencies, including tangible and immediate benefits that reduce the risk of error, resulting in faster and more accurate completion of fund valuations and processing of shareholder transactions by its users, offering fund administrators a simplified technical landscape and the ability to administer both simple and complex investment structures while vastly reducing operating costs. PFS-PAXUS is also complemented by PFS-CONNECT, a cutting-edge web portal software that enables PFS’ clients to provide their fund clients and the fund’s underlying shareholders with a fully web-enabled reporting and transactional tool, allowing the fund managers and their investors to self-service and access their fund data securely in their own time.
PFS-CONNECT also allows investors and intermediaries to trade funds online and to upload investor anti-money laundering and fund documents, providing clients with the tools for efficient, paperless shareholder transactions saving time, expense and removing the possibility of reinput errors.
PFS-PAXUS is exceptionally quick and simple to deploy and can be implemented in-house on-premise, or on a private or third-party hosted cloud platform.
Alternatively, PFS-PAXUS is also available as a complete software-as-a-service (SaaS) solution with full hosting services included with PFS-CLOUD.
PFS-CLOUD allows PFS clients to benefit from all of the functionality that PFS-PAXUS and PFS-CONNECT have to offer, without any of the IT overheads. PFS-CLOUD provides this at a lower cost and without any of the burdensome IT and business overheads which are inevitable when clients self-host a sophisticated system like PFS-PAXUS.
PFS-CLOUD includes infrastructure management, optimised cybersecurity and real-time backup of data for immediate failover reactivation in the event of a disaster recovery situation. PFS-PAXUS’ client base includes some of the world’s largest fund administration firms administering thousands of funds around the world.
PFS was formed with one objective in mind—to build an all-encompassing, dedicated fund administration solution to form the backbone of any fund administration service providers’ business. PFS-PAXUS provides this all-encompassing solution with the highest levels of functionality and at a highly-competitive price point which is proven to empower our clients to increase profitability while exceeding the expectations of their underlying clients.
Since its incorporation nearly 20 years ago, Pacific Fund Systems has continued to grow year-on-year and offers new and existing clients a long-proven track record of maintaining stable and current software functionality, supporting fund administrators who wish to offer a premium service to fund managers across the globe.
We pride ourselves on having a personal connection with our clients by providing tailored support and advice and aim to always go the extra mile to meet and exceed their exacting demands.
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