Thomson Reuters launches its latest release of PORTIA, an enterprise-wide investment accounting system. Thomson Reuters PORTIA has been transformed to include robust fund accounting capabilities, providing clients a single solution for managing their investments, accounting in multiple bases, generating operational reports as well as meeting regulatory requirements. The new functionality allows clients to support the management of securities and funds without the need for multiple applications.
For firms who manage funds, the latest version of Thomson Reuters PORTIA creates efficiencies by automating all aspects of the fund accounting process the calculation of a true net asset value, the ability to unitize portfolios, improved closed accounting controls, enhanced income and expense accrual processes and capital stock transaction management with the ability to track subscriptions and redemptions more easily.
Thomson Reuters designed the new version of PORTIA with the goal of providing investment managers with a single solution to simplify and automate work processes across the enterprise, says Christy Bremner, global managing director of PORTIA, Thomson Reuters. Adding fund accounting capabilities allows firms to leverage Thomson Reuters PORTIA to simplify their operations and optimize their middle to back office resources.
The core functional improvements allow fund managers, investment mangers and fund administrators to provide their investors with financial statements, capital statements and performance reports all from one single system.
In addition to Blominvest Saudi Arabia several global clients worked with Thomson Reuters PORTIA through the design and testing process, including Metrobank located in the Philippines.
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