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Process optimization via software development and integration

ConVista NAVEE

Automated Net Asset Value (NAV) Calculation with SAP ERP

The German Investment Code “Kapitalanlagegesetzbuch” (KAGB) aims to regulate the role and the supervision of custodian banks and investment companies. Custodians are in charge of the liquidation, segregation and control/monitoring of funds held by investment companies.

By implementing an interface architecture for investment companies, data is sent immediately to the custodian bank. Based on the data received via the interface, the custodian bank can create a shadow system for the accounting of funds. On this basis the custodian bank estimates the commission calculated by the investment company, which is reflected in the NAV.

The ConVista tool NAVEE meets with all the requirements a custodian bank must comply with related to monitoring funds. Both public and special funds prices are calculated, including the calculation of complex fees. Pre-processes, such as a market conformity check for any fund position have been automated and integrated into the process. The payment of the derived (and calculated) commission is automated in SAP FI and SAP BCA.

A generic process monitor allows management, as well as users, to clearly track progress.

  • Efficient solution based on specific requirements of individual Clients 

  • Handling of pre NAV calculation processes

  • Automatic and independent market conformity check on asset position basis

  • Automated fund prize calculation for public and special funds including calculation of complex commission fees (e.g. performance fees)

  • Payment of commissions to SAP BCA / SAP FI according to maturity

  • Progress control due to a generic process monitor

Martina Sieweke

+34 93 445 90 53