Operational Risk
Every opportunity to reduce risk becomes imperative for a firm’s back-office. With a true double-entry general ledger at its core, VPM stores a complete record of all investment activity, with a complete audit trail for efficient analysis, supplying all the tools for proper auditing and reporting. As a repository for invaluable information, the general ledger, in combination with intuitive reporting , empowers firms with real-time information, transparency, and foresight into a funds performance, allowing firms to be nimble and solve errors in real-time. Proactive firms can use timely information to dynamically adjust strategies and get ahead of the curve. Additionally, VPM’s broad asset class coverage reduces the need for work-arounds, which are used by other systems to handle complex security types. Because VPM automates processes and workflows, the risk of manual processing errors is drastically reduced, further reducing operational risk.
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