Prime by Metaficient™ is a Alternative Asset Management/Shadow Back Office system. Prime is a comprehensive highly automated end-user application. It has been designed to provide an “easy button” approach for busy market participants. The solution helps management take control of their model, alleviate business risk by making it possible to reduce the time spent managing the operational, accounting and investor aspects of their business. Prime is highly configurable and can be used by asset managers, hedge funds, fund administrators, brokers and accounting firms. Below is a list of features and functions.
- Multi-asset class solution
- Multi-currency environment
- Internal or external security master
- Corporate action processing
- Automated file import/export for cash activity, trades, prices, and positions
- Manual trade capture for all supported products when automation is not possible
- Daily reconciliation (for banks, brokers, fund administrators and 3rd party systems) and verification process
- Daily pricing facility with embedded price hierarchy functions
- Daily profit and loss by fund by account by trader
- Net Asset Valuation calculation and process
- Investor accounts, books and records
- Management and performance fee calculations and realization
- Fund and Investor Allocations by percentage or by share class
- Gearing ratios per investor
- Investor equalization methodologies
- Automated fund spreadsheet
- Multi-currency Fund Accounting and reporting
- Integrated multi-currency general ledger
- Accounting journals for accruals and expenses
- Integrated Financial Reports in Base Currency
- Multi-currency Inventory reporting
- Investor reporting
