In modern asset management, how effective a firm is at both executing projects and operations (the so-called ‘build & run’) are key factors in its competitiveness. acarda is a highly specialised expert in migration and integration to new fund accounting and securities systems. Our team has successfully deployed this expertise while implementing a wide range of projects for clients including: BNP Paribas, LBBI, LGT, Bank Austria, Helaba Invest, First Private and Union Investment. Our detailed knowledge of the transaction and booking structures in both Germany and Luxembourg enables an optimised parameterisation of the accounting system and a stable connection to the ‘Orbit’ systems. Our migration and reconciliation software, amicon supports us in automated data migration and simultaneous reconciliation of data relevant to the NAV. We do not just do year-end migrations, but throughout the year with aggregated transactions.

We can also support you in taking over, transferring, splitting and merging individual funds or portfolios on short projects.

Cross-border optimisation and standardisation of account structures and booking processes

With UCITS IV, an administration can be organised centrally to function across borders or – as a very interesting alternative – standardised across a range of different locations. Our in-depth transaction, accounting and IT knowledge means we can analyse your processes and applications and support you during the conversion to normalised processes and the standardisation of the system environment.

At Union Investment, we worked together for 9 months with their specialist departments to optimise the booking processes and account frameworks for over 1,400 funds in Luxembourg and Germany, as well as standardising the funds across the two countries. During the migration to the new account system, completed in a single weekend, 8,100 adjusting entries and parameters changes were successfully automated.

Compliance and investment limit testing for investment companies and depositary banks

As well as valuation and asset verification, depositary bank newsletters require the testing of investment limits, either by directly accessing the investment companies’ systems or by using an own system.

acarda has wide-ranging experience in data linking, parameterisation and optimisation of investment limits, both with an own (new) system and via a link to an investment company or outsourcer.

Automation of order and booking transactions

When booking transactions from middle-office and information providers, “non-securities-related” transactions such as commissions, fees, corporate actions, structured products, securities lending and payments often have to be performed manually, checked, completed with data, controlled and forwarded for booking at defined times.