Asset managers with multiple funds spanning strategies and geographies frequently outsource NAV calculations to fund administrators. But the burden of accuracy rests with the firm, investors and regulators expect fund managers to maintain full control on these outsourced functions.
IVP NAVigate enables real-time NAV finalization process for each fund, providing complete traceability for specific NAV components. It centralizes NAV review in one tool with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level. NAVigate allows fund managers to maintain control on outsourced functions while leveraging the cost efficiencies of the outsourcing provider.
CAPABILITIES
Full or Partial Shadow NAV
Complete NAV Anomaly Tracking
Automated Data Extraction, Transformation, and Loading
Automated Checks and Validations
Comparison of Calculated NAV and Actual NAV
Reporting and Analytics
KEY FEATURES
AUTOMATED DATA MANAGEMENT
IVP NAVigate loads, transforms, and normalizes NAV data from disparate systems and prepares it for comparison, eliminating the need to manage data collection manually.
OVERSIGHT AND VALIDATION
IVP NAVigate detects NAV anomalies, provides NAV calculation status, and classifies reconciliation breaks. It also automates required data checks and validations for anomalies and exceptions.
HIGHER EFFICIENCY
Process automation accelerates NAV delivery time, reducing time-consuming manual steps and enabling asset managers to handle extremely high volumes of complex share classes more easily.
DATA GOVERNANCE
IVP NAVigate offers a robust data management and ETL platform with built-in governance and quality management tools, ensuring data is loaded completely and accurately.
STANDARDIZATION
Choosing IVP NAVigate enables a standardized approach that retains the flexibility to accommodate the unique needs of each fund. Data is delivered in a uniform manner and in a format that is easily consumed in NAV review.
CONFIGURABLE SETUP
The solution includes pre-configured NAV and pricing templates along with validation rule libraries. Plus, it integrates seamlessly with market data services to deliver security prices, benchmarks, exchange rates, and corporate actions.
OVERSIGHT, VALIDATION, CONTINGENCY
IVP NAVigate brings the power of automation to daily and monthly NAV review, saving time, effort, and cost while improving the accuracy and accessibility of critical data.
END-TO-END TOUCHPOINTS
FUND ACCOUNTING
Remediate anomalies and streamline the shadow NAV process
FUND ADMINISTRATORS
Automate data extraction, transformation, and normalization
NAV OVERSIGHT AS A SERVICE
With IVP Managed Services, IVP NAVigate becomes “NAV oversight as a service.”
Empowered by digital-first technologies, our cross-functional support teams manage NAV controls, including data management, reviews, remediation of anomalies, and data validation in the cloud with “audit anytime” transparency so you can check every step in the process. Well-defined SLAs and KPIs help control operating risks. And activity-based pricing lets you take a modular approach.
