VestServe

VestServe is a comprehensive investment accounting and reporting solution designed to meet the specific needs of large and mid-sized investment firms. According to the vendor, this software caters to portfolio managers, family offices, endowments and foundations, as well as hedge funds. With its customizable features, integration capabilities, and performance measurement tools, VestServe aims to provide a tailored solution for investment professionals in various industries.

Key Features

Customizable Investment Accounting and Reporting: According to the vendor, VestServe offers investment accounting and reporting capabilities that can be customized to meet the specific needs of investment firms. It provides detailed accounting functionality, including the ability to calculate accruals, payments, and other financial transactions. Custom reporting options allow for the creation of analytical reports tailored to the requirements of clients and stakeholders.

Robust Reporting Tool: The vendor states that VestServe's proprietary reporting tool enables investment managers to analyze their data in various ways. It provides accurate and on-demand information to clients or family members. Customers can choose from full investment accounting to data aggregation and reporting. The reporting tool integrates with custodians, pricing services, and other ancillary systems.

Hosted SaaS Service: According to the vendor, VestServe offers a hosted SaaS service, allowing customers to offload their IT responsibilities. Alternatively, customers can choose to host their own internal services. The hosted service aims to provide a secure and reliable infrastructure for managing investment accounting and reporting.

Customizable Enhancements: According to the vendor, VestServe recognizes the unique requirements of investment firms and offers the ability to build custom enhancements. The company works closely with clients to understand their specific needs and delivers fully supported features. The vendor claims that this combination of out-of-the-box functionality and custom deliverables sets VestServe apart from other investment software providers.

Integration Capabilities: According to the vendor, VestServe integrates with various trading platforms, custodians, pricing services, general ledger systems, and CRM systems. The software supports XML imports and exports, as well as direct imports from spreadsheets and tab delimited files. Data updates can be sent or received from clients, custodians, brokers, or external systems using SWIFT and FIX messaging capabilities. The system includes validation features to ensure the consistency and completeness of imported data.

Performance Measurement and Analytics: The vendor states that VestServe's solution offers performance measurement tools, including price sensitivity, yield, and return measures. Asset allocations and contribution returns can be broken down by country, currency, sector, sub-sector, asset type, portfolios, or any desired group. The software supports GIPS compliance and provides analytics such as Sharpe ratio, Sortino ratio, standard deviation, beta, yield, duration, and convexity. Portfolio contribution and attribution features allow for in-depth analysis of investment performance.

Trade Order Management: According to the vendor, VestServe's trade order management functionality enables users to issue trade settlements and track their status through SWIFT and FIX messaging capabilities. The system supports trade approval workflows, allowing unauthorized users to save non-compliant trades for management approval. Block trades can be allocated across various portfolios using percentages, share counts, or other methods. Customizable trade tickets can be generated for back-office processing.

Full Fund Administration: According to the vendor, VestServe's accounting engine provides full daily accrual and pooled funds accounting, including unitization for NAV funds, dollar per share funds, unitized funds, and derivative funds. The system supports money market funds with 2A-7 and UCITs compliance, as well as hedge funds, multi-class funds, and master feeder structures. Fund administration features include unlimited depth of ownership for funds of funds structures and the ability to calculate internal mutual fund NAVs. The software also offers comprehensive reporting capabilities for fund accounting, including portfolio contribution and attribution.

Flexible Reporting Capabilities: According to the vendor, VestServe's reporting tool includes a drag and drop design tool for adding fields, groups, and formulas to create customized reports. The formula engine allows reports to be turned into analytical tools. Reports can be directly outputted to Excel, PDF, Word, email, or fax. The software also provides web reporting capabilities for customer access via a secure client portal.