Nirvana Enterprise

Nirvana Enterprise is a cloud-based solution provided by Nirvana Solutions Inc. According to the vendor, it is designed to deliver integrated, multi-asset class workflow solutions to Asset Managers, Asset Owners, and Service Providers. The product is aimed at businesses of all sizes, including Investment Managers, Family Offices, Prime Brokers, and Outsourced CFO/Administrators. Professionals from various industries, such as Portfolio Managers, Chief Financial Officers, Chief Compliance Officers, Financial Analysts, Risk Managers, and Operations Managers, can benefit from this solution.

Key Features

Integrated Solution: According to the vendor, Nirvana Enterprise offers a fully managed, cloud-based solution that can be customized and simplified for Asset Managers, Asset Owners, and Service Providers. It provides modular design options, allowing clients to license the integrated solution or individual modules to address specific workflow challenges.

Out of the Box Connectivity: The vendor claims that Nirvana Enterprise offers seamless connectivity to major Prime Brokers, Custodians, Administrators, and Executing Brokers, minimizing start-up time and cost. It includes integrated back-office services such as security master and dividend and corporate action management, which can result in optimized cost of ownership and significant savings.

High-Touch Premium Support: Nirvana Enterprise provides what the vendor calls high-touch premium support in a "follow the sun" model. Clients have access to a dedicated relationship manager and round-the-clock support from the Nirvana Solutions team.

Order Management: According to the vendor, this feature supports multi-asset class trading for global equities, futures, options, swaps, and fixed income. It offers seamless connectivity to hundreds of brokers, execution systems, and broker algorithms. The platform also enables single-click order creation with real-time trading capabilities.

Portfolio Management: Nirvana Enterprise allows real-time consolidation across multiple accounts, counterparties, asset classes, and currencies. It offers flexible and customizable dashboards with drag-and-drop grouping capabilities. The platform also provides a real-time Excel API for creating proprietary models and a mobile version for on-the-go access.

Portfolio Accounting and Reporting (IBOR): According to the vendor, this feature provides a fully integrated general ledger for complete accounting reports. It offers a comprehensive suite of reports including transactions, appraisals, gain/loss, accounting, exposure, and custom reports. The platform also includes advanced performance reporting with GIPS compliance and drill-down capabilities.

Compliance: Nirvana Enterprise offers pre- and post-trade compliance alerting, fund compliance guideline reporting, SEC 13-Series reporting, and Form PF data tagging with customizable tagging and data grouping. It allows for customized pre- and post-trade compliance rules and automated fund compliance guideline reporting.

Risk Management: The vendor claims that this feature provides real-time risk aggregation and delta-adjusted exposures. It offers advanced risk analytics with shock analyses capabilities and one-click VaR and correlation-based stress testing. The platform enables comprehensive risk management across positions, transactions, accounts, asset classes, cash, and currencies.

Reconciliation: Nirvana Enterprise offers scalable software and service offerings for large Asset Managers, Prime Brokers, and Administrators/Custodians. It provides automated reconciliation across multiple accounts, counterparties, asset classes, and data elements. The platform includes out-of-the-box templates for customized and scheduled reconciliations, along with customized output options.

Data Aggregation and Security Master Management: According to the vendor, this feature includes scalable software and service offerings for large Asset Managers, Prime Brokers, and Administrators/Custodians. It aggregates data across thousands of accounts and counterparties and offers an integrated Golden Security Master (GSM) management tool. The platform provides a consolidated dashboard for identifying errors and managing exceptions.