Hedge Fund Focus

LONDON, 9 November: Netik, the global financial data management and reporting vendor, is pleased to announce that ALPS Fund Services, Inc., a leading provider of asset servicing to the investment management industry, has successfully implemented Netik Information Portal to address their internal and external reporting needs. Since going live with Netik Information Portal, ALPS has seen a reduction in the time spent by internal users on their report production process and has also delivered an improved on-line service to it’s external customers.

ALPS conducted a review of other market offerings as well as considering building the infrastructure themselves before selecting Netik Information Portal and Netik InterView, Netik’s data warehouse platform. The Netik solution has given ALPS the capability to warehouse their clients’ portfolio data and provide to both internal users and customers externally, a flexible on-line web portal to access this information.

“It was important to give our customers access to the data on-line allowing them to create and customize their own reports. With Netik, we have been able to give them the ability to interact with data, rather than just receiving static reports, as well as the ability to take data in a useful format such as Microsoft Excel. Our internal departments also have secure access to exactly the same data source (i.e. Netik) which avoids them going directly into our accounting system,” commented Sean McLean, Senior Vice President of Fund Accounting, ALPS. “The Netik solution has proved very cost effective and has significantly increased our efficiency. Since implementing Netik, we have discovered that the amount of time our accountants spend dealing with requests for reports has been greatly reduced. We have also been able to create customized reports in Netik that saved hours of manual data consolidation from multiple static reports.”

Colin Close, President, Netik commented “Netik Information Portal delivers streamlined paper-based client reporting including high quality scheduled and ad hoc report packages and presentations. As well as these traditional client reporting needs, it uniquely offers multiple reporting channels and flexible access to reporting data through its client portal for on-line reporting, business intelligence and visualization of data. This includes extended distribution for B2B data exchange and remote client store. we are delighted to welcome ALPS to our global customer base and are pleased they are realizing the benefits from using Netik Information Portal to achieve improved internal efficiencies, savings and the ability to offer their customers a superior, enhanced service.”

For further information, please contact:

Paul Bowhay / Claudia Coleman
netik@cognitomedia.com
Tel: +44 (0)20 7438 1100

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About Netik

Netik is a leading global provider to the Securities industry of financial data management and reporting services and products. Netik’s data management products, include Netik Global Securities Master, Netik GSM, a reference data managed service, Netik InterView a data warehouse for the storage of holistic financial data and Netik Information Portal to visualize and report on data. These Netik solutions sit at the heart of investment and securities operations at many of the world’s leading Asset Managers, Hedge funds, Wealth Managers, Private Banks, Prime Brokers, Fund Administrators, Custodians, Investment Operations Outsourcing providers and Investment Banks.

The Netik team has spent the past 25 years perfecting the art of financial data management and reporting bringing together market, reference, portfolio accounting, performance and risk data from disparate sources in a single version of the truth (SVOTT). The result is highly scalable and sophisticated securities data management and reporting solutions that have been designed to cater for all types of data across all securities applicable to traditional and alternative markets. Netik solutions are used by small financial institutions as well as by nine of the top 10 investment banks in the world.

For more information please visit www.netik.com.

About ALPS Fund Services, Inc.

ALPS Fund Services, Inc. is a Denver based provider of administration, compliance, creative services, fund accounting, legal, marketing, tax administration, transfer agency and shareholder service for open-end, closed-end, exchange-traded and alternative investment funds. Combined with ALPS Distributors, Inc., ALPS Fund Services currently services over $200 Billion in client assets.

About ALPS Holdings, Inc.

ALPS Holdings, Inc. is the parent company for ALPS Advisors, Inc., ALPS Distributors, Inc. and ALPS Fund Services, Inc. and is a Denver based company that provides a comprehensive suite of asset servicing, asset management and asset gathering solutions to the investment management industry.

For more information, visit www. ALPSinc.com.

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