Opturo has developed VICAP, a comprehensive, multi-currency rapid deployment solution designed to provide a complete composite performance & assets reporting platform for achieving and maintaining GIPS® compliance. It leverages the VIA platform to offer the most comprehensive, flexible and cost effective composite creation-maintenance-reporting solution. VICAP puts GIPS compliance within the reach of any firm.

The notable features are:

• Rapid Deployment: No Implementation (Plug & Play)
• Flexibility: Works in diverse client environments and integrates to all accounting and broker platforms.
• Comprehensive: The platform can be leveraged to perform the following:
  • Composite creation.
  • Inclusion/exclusion rules validation.
  • Daily or monthly account or asset-class level performance (TWR, IRR) calculation with interval threshold.
  • Calculates Bond accruals.
  • Composite performance & assets reporting with custom reports, disclosures and benchmarks.
  • Seamless composite and account data extract for verification firm.
• Support for Carve-out. Click here for more information.

 

VICAP, an end-to-end compliance platform enables Investment Firms:

• To be on the road to GIPS compliance in days instead of months through the rapid deployment of the solution.
• Streamline and automate the new or existing compliance process.
• To ensure that books and records are consistent with custodial books and records on a transactional basis.
• Identify inconsistent data including outlier account level returns.
• Lower the overall cost of compliance.
• To become compliant quickly.

 

This product is used to validate a universe of accounts against a single composite/model for a given set of account and security level inclusion/exclusion rules.  Composite Validator’s flexibility allows the definition of all simple and complex rules that exist for each client. Verification firms can deploy this tool to streamline the verification process by switching from the maintenance of complex spreadsheet applications used for rules based account validation.

THE OPTURO ADVANTAGE

• Plug & Play: No installation required.  The software works directly with data files extracted from any accounting system.  It can scrub/validate data; calculate missing attributes (position or group level weights, TWR, IRR, etc.) at runtime.
• Flexible: Leveraging the VIA platform, it can be configured quickly and efficiently to create composites in diverse client environments.
• Ease of Use: Designed to be straightforward and intuitive.
• Multi-Period: The software supports validation at various period frequencies including: daily, monthly, quarterly, and yearly.  Firms can save weeks of time on a multi-year verification.
• Multi-Strategy: The product also supports the validation of a universe of accounts across multiple composites/strategies over multiple time periods.

 

KEY BENETFITS

• Multi-Period/Multi-Strategy Rule Validation: This feature allows streamlining of the validation/verification process.
• Sample/Target Account List: Ability to provide a subset of accounts for validation.  Important functionality for verification firms to help firms in the auditing process.
• Substitute Security: Security substitution functionality allows treating multiple cash- like instruments as a single cash instrument.  This functionality can be extended to other groups of securities including money market, treasuries, etc.
• Pass/Fail Flexible Account level Rule Definitions: Allows the definition of account- level rules including account return tolerance checks against the model/composite.
• Pass/Fail Flexible Security level Rule Definitions: Allows the definition of security-level rules including security weight tolerance checks against the model/composite.
• Comprehensive Verification Tool: The Composite Validator is a valuable tool that can be used by the verifier in the auditing process.