HOME ABOUT US CONTACT US Mutual Fund Desk Tuesday, March 30, 2021 Retirement Revolution Mutual Fund Desk Specialized Information Services Customer Login The Challenge Most off-the-shelf accounting systems on the market today are designed to interface electronically with a handful of depositories – the Depository Trust Company in New York being the most prevalent. When dealing with mutual funds you have the operational equivalent of 600 different depositories: roughly one for each fund company in the U.S. If this increase in depositories is not addressed at both the business process and technology levels, it will almost certainly lead to process-control problems in your back-office. In organizations with a single mutual fund department, this problem is bad enough. Extend the dynamic across multiple departments within a single large bank or brokerage firm and significant risk to the enterprise as a whole exists. The Solution If your firm is looking to gain as much automation and control over mutual funds as you have over stocks and bonds, while retaining your existing accounting system(s), then please give us a call. VMS has been providing enterprise-wide integration for more than 20 years. Our mutual fund trading and reconciliation platform, Mutual Fund Desk (MFD), has been designed from the ground up, specifically for this function. In fact, one of our largest clients is using it to integrate 24 different accounting systems within their organization, as well as a number of pension recordkeeping systems that reside outside their firm. MFD Features Integrates with your existing accounting system(s) and connects to multiple execution venues Provides mutual fund revenue collection and distribution processes, reducing the risk of regulatory scrutiny around transparency Provides reconciliation, income and mutual fund revenue processing at both omnibus and disclosed levels as called for by specific business cases (roll down capabilities by system) Delivers all information to end users via web browser on their desktop MFD Benefits Reduces mutual fund operations headcount in all 4 areas: trading, reconciliation, income processing and mutual fund revenue administration Ensures income is collected and posted correctly – a critical step in upholding fiduciary responsibility Exception-based processing system acts like a protective barrier to your internal systems, thereby reducing risk Increases employee efficiency – allows for business growth without headcount growth, reducing costs Easy-to-implement, cost-effective system, where costs are tied to usage not assets To learn more about how VMS can help you get and keep control of your mutual fund back-office processes, please contact us at info@vmsholdings.com, or by phone at 1.800.867.4357. PHONE: ADDRESS: EMAIL: 800.867.4357 7 NORTH FAIR OAKS AVENUE, 2nd FLOOR PASADENA, CA 91103 info@vmsholdings.com PRIVACY POLICY WE ARE SOCIABLE: © 2016 Vertical Management Systems, Inc.