Linedata Launches New Version of Fund Accounting Solution

As part of the upgrade, Linedata Mfact was further integrated with Linedata Optima, the firm's business process management tool. The integration will allow the solution to automatically notify users to areas of potential concern and improvement ─ thereby allowing clients to avoid having to spend added time analyzing reports ─ and giving them an operational overview.

Additional improvements include: automated options processing, expanded straight-through-processing (STP) integration with transfer agency systems, process consolidation, enhanced corrections handling and full scheduling of processing tasks.

"Increased automation and seamless integration have been a major focus in this latest update to Linedata Mfact, allowing financial institutions manage more complex asset types and comply with their increased reporting and compliance burdens without incurring additonal costs," said Michael Galvin, product manager at Linedata, in a statement. "This is built upon an architecture which continues to offer clear reporting and audit trail capabilities."