Fund Administration Management

Implement and manage your process - Your Best Practice processes have evolved within your business in accordance with industry guidelines and Fund Law. You know how best to implement and manage your systems and procedures - but you need to ensure that these Best Practices are followed within your organisation. Diamonds Process Manager achieves this by creating your processes, systems and procedures within the solution itself. Auto Manager continually tracks efficiency and performance levels for each process, by means of Key Performance Indicators (KPI's). This will allow you to establish patterns that may be occurring around your fund administration to enable you to optimise your processes and make substantial improvements in performance and Compliance.

Follow the process - At each stage of your fund administration process there is likely to be either some level of authorisation required and or documentation to be created to demonstrate that the system has been followed. You can either use your own paperwork or use Diamonds Process Manager to lead people through the process of completing the necessary documentary evidence of Compliance. If authorisation is required Diamonds Auto Manager enables users with the required security to electronically approve a step or stage in the process. Diamonds Mobile Manager enables remote approval and authorisation.

Manage change - Although designed to create a ready to perform solution, the additional value of Diamonds Fund Administration solution is its ability to be continually updated quickly and easily using Diamonds Process Manager to meet the changing needs of any organisation. This reduces risk, lowers the ongoing total cost of ownership and ensures ongoing compliance.

Manage Compliance - Diamonds Audit Manager keeps a full audit trail of everything that has happened in your administration process. This includes where and when a document was created or activity was undertaken. A project related compliance sheet shows the evidence required which can be attached or completed using Diamonds Process Manager. Once proof of completion has been attached the status is automatically updated. A score for each compliance activity can be created and aggregated to score an overall project compliance gauge.

Manage your Compliance systems and procedures - Diamonds Reports Manager provides you with summary dashboards and detailed reports about the current and historic status of Compliance. Furthermore, using the Diamonds Auto Manager you could trigger a notification to the compliance manager that the task has been completed or request approval for a suggested change in procedure. Auto Manager will also allow you to trigger an alert if a process is not followed meaning that you can capture non compliance as it happens rather than waiting for an historic audit of events.

Contact Diamonds now to discuss your requirements and find out how you could benefit from Diamonds Fund Management Administration Solution.