Despite the advances in technology, it is surprising that numbers are still being crunched manually in certain key fund management operations. This is certainly the case with the validation of net asset value (NAV) calculations, which are the cornerstone of fund pricing. However, a string of high profile errors in the US coupled with an increasingly competitive and complex environment has underscored the need for automation of this crucial task. Isn’t it time to get on board with NAV validation automation?
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