Cash Flow Project
One of the top 50 asset managers needed to feed near real time transactional data to BlackRock Aladdin® system to provide fund managers with accurate intraday cash flow information. The transactional data resided on 15 different TA systems. We used our past experience with many TA systems and selected Fundsphere® Navigator functionality to standardize, calculate, and consolidate cash flows in near real time. Fundsphere® Navigator functionality was expanded to include: cash flow views, reporting, and data integrity alerts. Complete data feed to Aladdin® system was provided in a unified format.
Cash flow projections are based on pre-priced or post-priced transactions as well as cash dividends’ payouts. They are presented at the fund and share class level with the ability for on-the-fly calculations from share class flows or even particular transactions. Cash flow dashboards with graphical markup and drill down capability facilitate review by cash flow operations teams around the globe. Real time notifications and feed errors reporting allow for identification of incomplete or unreliable projections. Fundsphere Navigator is capable of accepting cash flow data in various formats from TA systems, sub advisors, and other sources.
Phase one was delivered in Q2 2017, complete solution went live in Q3 2018.