Curo Taps Milestone for Old Mutual Multi-Managers' Enhanced Administration

pControl has enabled Curo to deliver flexible administration service across a number of complex processes such as net-asset-value (NAV) unit pricing, cash allocation and rebalancing, unitized order management, and income distribution. pControl's integrated reconciliation, accounting and data manager capabilities also allow Curo to provide increased end-to-end process transparency.
“In a first for the South African market, pControl removes manual processes, which enables Curo to support the likes of Old Mutual Multi-Managers in offering complex investment structures while at the same time providing greater visibility across the business,” says Hank Pienaar, managing director of Curo. “This deployment is a significant step in dealing with one of the key challenges typically faced by multi-managers: ensuring the integrity and transparency of the various investment layers or ‘building blocks’ within a product portfolio.”
Adds Russel Julie, COO of Old Mutual Multi-Managers, “In a traditional multi-manager portfolio administration system, inconsistencies are only detected after you’ve run through an entire day’s pricing. This may necessitate a complete rework, which could result in significant delays. pControl differentiates itself by following a sequenced validation approach for processing transactions and pricing of multi-managed portfolios. This means interventions are possible at each validation point, so we’re able to resolve inconsistencies earlier. It further speeds up the overall process in producing an output with the required level of integrity at first pass. ”
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